Twin Vee PowerCats Co. Announces Nautical Ventures as Broward County Florida Dealer
Rhea-AI Summary
Twin Vee PowerCats (Nasdaq:VEEE) named Nautical Ventures Group as its exclusive authorized dealer in Broward County, Florida, effective March 31, 2026. The agreement covers two Broward locations, initial inventory deliveries in the coming weeks, and collaboration on two custom adventure boat models aimed at South Florida demand.
The tie-up leverages Nautical Ventures' Top 100 dealer ranking and targets near-term retail activity in a high-volume Florida boating market.
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News Market Reaction – VEEE
In the Mar 31 session, VEEE declined 8.29%, reflecting a notable negative market reaction. Argus tracked a trough of -13.9% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 30 | Territory expansion | Positive | -12.5% | Nautical Ventures gained exclusive Twin Vee distribution rights in Broward County. |
| Mar 25 | Product delivery | Positive | +5.6% | First Bahama vessel delivered under Twin Vee ownership to a longtime customer. |
| Mar 24 | Equity offering close | Negative | +5.6% | Closed 6,491,900‑share best‑efforts offering at $0.384, raising about $2.5M gross. |
| Mar 23 | Equity offering priced | Negative | -6.7% | Priced 6,491,900‑share offering at $0.384, expected $2.5M gross proceeds. |
| Mar 17 | Equity offering close | Negative | +34.6% | Closed 4,473,000‑share offering at $0.38, raising about $1.7M gross. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Across recent offerings and operational updates, price reactions have been mixed, with both positive and negative news sometimes followed by sharp moves in either direction, indicating inconsistent alignment between news tone and market response.
Over the last few weeks, Twin Vee reported multiple equity offerings in March 2026, raising several million dollars under its Form S-3 shelf, alongside insider open‑market purchases. Operationally, it delivered the first Bahama boat under new ownership and expanded distribution through Nautical Ventures in Broward County. Today’s dealer announcement continues this commercial build‑out following the prior territory and “Adventure Edition” update with Vision Marine’s subsidiary.
Key Terms
catamaran technical
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FORT PIERCE, FL / ACCESS Newswire / March 31, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the addition of Nautical Ventures Group ("Nautical Ventures"), a subsidiary of Vision Marine Technologies Inc., as its exclusive authorized dealer in Broward County, Florida.
"Broward County is one of Florida's most significant markets for the recreational marine industry," explained Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "In 2022, Broward County contributed
Nautical Ventures, which ranked #1 in the Top 100 Dealers in 2024 and received Boating Industry's Top 100 Dealer Award three years in a row, is an accomplished marine dealership with two locations in Broward County. Offering new and pre-owned boat sales, marina services, financing, and on-water experiences, the Company believes that Nautical Ventures has demonstrated the ability to execute across high-demand performance boating categories and deliver products efficiently to market.
"We believe this new dealer agreement reflects our continued focus on structuring our retail operations around high-quality product offerings," said Alexandre Mongeon, Chief Executive Officer of Vision Marine Technologies Inc. "In markets like South Florida, we have seen continued customer interest in the adventure catamaran segment, and Twin Vee's platform aligns well with this category."
As part of the relationship, Nautical Ventures and Twin Vee are collaborating on the development of two custom adventure boat models, designed to meet the evolving customer demand in the South Florida market.
Initial inventory deliveries are expected within the coming weeks, supporting near-term retail activity across Nautical Ventures' territory in Broward County.
About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.
The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.
Learn more at twinvee.com and bahamaboatworks.com.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. is a company specializing in high-voltage marine propulsion systems and a vertically integrated marine retail platform. Through its ownership of Nautical Ventures Group, the Company operates a network of dealership, service, and marina locations across Florida, offering a wide range of recreational boating products and services.
About Nautical Ventures Group
Nautical Ventures is a Florida-based boat dealership and service provider with multiple locations, operating within defined territorial rights across key markets. The company offers new and pre-owned boat sales, marina services, financing, and on-water experiences, representing a portfolio of recognized marine brands.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding Twin Vee's relationship with Nautical Ventures, including the development of two custom adventure boat models with and the timing of initial inventory deliveries to Nautical Ventures.
These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to realize the benefits of its relationship with Nautical Ventures, continued customer interest in the adventure catamaran segment, the Company's ability to continue to expand its customer base and dealer network, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
Glenn Sonoda
investor@twinvee.com
SOURCE: Twin Vee PowerCats Co.
View the original press release on ACCESS Newswire