Twin Vee PowerCats Announces 1-for-37 Reverse Stock Split

The latest update is out from Twin Vee PowerCats ( (VEEE) ).

On April 30, 2026, Twin Vee PowerCats Co. said its board had approved a 1‑for‑37 reverse stock split of its common shares, with the action set to take effect at 12:01 a.m. Eastern Time on May 4, 2026 and trading to continue on the Nasdaq Capital Market under the ticker VEEE on a split‑adjusted basis. The move, implemented under Nevada law without a shareholder vote, will consolidate every 37 existing common shares into one, while rounding any fractional holdings up to the nearest whole share.

Following the reverse split, Twin Vee’s outstanding common stock will shrink from about 19.6 million shares to roughly 0.5 million, and authorized common shares will drop from 500 million to about 13.5 million, with proportional adjustments to equity awards and warrants and no change to preferred stock authorization. The company said the restructuring is intended to help it regain compliance with Nasdaq’s minimum bid‑price requirement and potentially broaden investor interest, with its transfer agent Equiniti Trust Company overseeing the share exchange process and a new CUSIP assigned for the post‑split stock.

Spark’s Take on VEEE Stock

According to Spark, TipRanks’ AI Analyst, VEEE is a Neutral.

The score is held down primarily by weak financial performance (persistent losses and poor cash generation) and bearish technicals (price below major moving averages with negative MACD). Corporate events add additional risk due to the Nasdaq delisting threat and repeated equity raises, while valuation is difficult to support because losses make P/E uninformative and there is no dividend yield.

To see Spark’s full report on VEEE stock, click here.

More about Twin Vee PowerCats

Twin Vee PowerCats Co., based in Fort Pierce, Florida, is a long-standing manufacturer, distributor, and marketer of power sport boats sold under the Twin Vee and Bahama Boat Works brands. The company focuses on fishing, cruising, and recreational vessels, emphasizing stable, fuel‑efficient catamaran hulls and premium offshore fishing boats in the luxury segment.

Twin Vee is regarded as a recognizable name in the catamaran sport boat category, promoting its products as “Best Riding Boats on the Water™” and highlighting craftsmanship and performance in offshore conditions. The business has been building and selling boats for 30 years, positioning it as an established player in the U.S. marine recreation and sport‑fishing markets.

Average Trading Volume: 6,681,462

Technical Sentiment Signal: Sell

Current Market Cap: $3.33M

See more insights into VEEE stock on TipRanks’ Stock Analysis page.