Twin Vee PowerCats Co. filings document material events for a Nasdaq-listed power sport boat manufacturer and emerging growth company. Recent 8-K disclosures cover the completed reincorporation from Delaware to Nevada, related charter and bylaw changes, shareholder rights matters, officer compensation arrangements, and material agreements connected to the company’s production facilities.
The filing record also includes capital-structure disclosures tied to common stock offerings, registration-statement and prospectus supplement activity, operating and financial results, and Nasdaq listing compliance notices. These documents describe formal governance actions, financing terms, material contracts, and public-company reporting matters for Twin Vee’s boat manufacturing and distribution business.
Twin Vee PowerCats Co. entered into a placement agency agreement with ThinkEquity for a best-efforts public offering of 6,491,900 shares of common stock at $0.384 per share. The transaction generated gross proceeds of approximately $2.5 million, which the company plans to use primarily for working capital and general corporate purposes.
ThinkEquity received a 7% cash fee on aggregate gross proceeds, a 1% non-accountable expense allowance, and $115,000 in reimbursed expenses, plus warrants to purchase 324,595 shares exercisable for five years. The offering was conducted under an effective Form S-3 shelf registration, and the company and its leadership agreed to three- and six-month lock-up periods, respectively.
Twin Vee PowerCats, Co. reports a Schedule 13G filing showing Lincoln Alternative Strategies LLC beneficially owns 1,391,430 shares of Common Stock, representing 7.1% of the class.
The filing states the percentage is based on 19,585,199 shares outstanding as represented by the issuer on its 424(b)(5) Prospectus Supplement filed with the SEC on March 24, 2026. Lincoln Alternative reports sole voting and dispositive power over the 1,391,430 shares. The filing is signed by Stephen Temes, Managing Member, on March 24, 2026.
Twin Vee PowerCats reports beneficial ownership by Clamantis Holdings LLC and Daniel Shribman. The filing states Clamantis Holdings LLC directly owns 1,181,674 shares of Common Stock and Mr. Shribman indirectly beneficially owns 1,181,674 shares as sole member/manager. The reported stake equals 0.13708% of the class, with cover-date 03/02/2026.
Twin Vee PowerCats Co. is offering 6,491,900 shares of common stock at a public offering price of $0.384 per share in a best-efforts offering. The company estimates net proceeds of approximately $2.1 million after placement agent fees and expenses. The placement agent fee is 7.0% and the placement agent will receive warrants to purchase up to 324,595 shares exercisable at $0.48. Delivery is expected on or about March 24, 2026. The prospectus supplement states there will be 19,585,199 shares outstanding immediately after the offering.
Twin Vee PowerCats, Co. director Kevin Schuyler reported an open-market purchase of common stock. He bought 25,000 shares on March 19, 2026 at an average price of $0.4066 per share, increasing his direct holdings to 31,252 shares. A footnote states this was an open-market purchase made in accordance with the company’s trading policies.
Twin Vee PowerCats Co. completed a best-efforts public offering of 4,473,000 shares of common stock at $0.38 per share, raising gross proceeds of approximately $1.7 million. The shares were sold under an effective shelf registration statement on Form S-3.
The company engaged ThinkEquity as sole placement agent, paying an aggregate cash fee of 7% of gross proceeds, a 1% non-accountable expense allowance, and reimbursing $115,000 of expenses. As additional compensation, ThinkEquity and its designees received warrants to purchase 223,650 shares, exercisable for five years.
Twin Vee plans to use the net proceeds primarily for working capital and general corporate purposes. The company and its executive officers and directors agreed to lock-up restrictions on most equity transactions for three months for the company and six months for executives and directors starting from March 17, 2026, subject to customary exceptions.
Twin Vee PowerCats, Co. director Larry G. Swets Jr. reported buying additional common stock in two recent transactions. He purchased 50,000 shares on March 16, 2026 at $0.38 per share and another 50,000 shares on March 18, 2026 at $0.36 per share in open-market purchases. Following these transactions, he directly owns 250,000 shares of Twin Vee PowerCats common stock.
Twin Vee PowerCats Co. is offering 4,473,000 shares of common stock on a best efforts basis at $0.38 per share. The prospectus supplement states the offering price, placement agent fees of $0.0266 per share (7.0%), and estimated proceeds to the company before expenses of $1,580,758. Delivery is expected on or about March 17, 2026.
The company estimates net proceeds of approximately $1.3 million, intends to use proceeds for working capital and general corporate purposes, and emphasizes there is no minimum offering amount so actual proceeds may be substantially less. The offering is made under a shelf registration process and includes placement agent warrants to purchase up to 223,650 shares exercisable at $0.475 for five years.
Twin Vee PowerCats Co. entered into a new related-party lease for its 7.5-acre office and production facility in Fort Pierce, Florida. The lease with Visconti Holdings, LLC, an entity owned and controlled by CEO and President Joseph Visconti, covers roughly 100,000 square feet, including a nearly complete 30,000 square foot expansion.
The Lease Agreement runs for 5 years from January 1, 2026 through December 31, 2030, with options to renew for two additional 5-year terms. Initial base rent is $48,208.33 per month plus a 7% sales and use tax, with customary annual rent escalations, and the company will pay real property taxes.
The Audit Committee, which is responsible for reviewing related party transactions, reviewed and approved the arrangement. This agreement replaces a prior lease that began on January 1, 2021 and had converted to month-to-month while the new terms were negotiated.
Twin Vee PowerCats, Co. director Larry G. Swets Jr. reported an open-market purchase of common stock. He bought 50,000 shares at a price of $0.42 per share, increasing his direct holdings to 150,000 shares after the transaction. The filing notes that the trade was made in the open market in accordance with the company’s trading policies.