The latest announcement is out from Twin Vee PowerCats ( (VEEE) ).
Twin Vee PowerCats Co. announced key decisions from its 2024 Annual Meeting, including an amendment to increase available shares under its 2021 Stock Incentive Plan by 1 million to 3,171,800 shares. Shareholders also approved a merger-related stock issuance and elected directors Joseph Visconti and Kevin Schuyler. Additionally, a reverse stock split was greenlit, and the appointment of Grassi & Co. as the accounting firm was ratified. The company is poised for a merger upon meeting certain conditions, though they acknowledge potential uncertainties ahead.
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