Twin Vee PowerCats Merges with Forza X1, Inc.

Twin Vee PowerCats ( (VEEE) ) has issued an announcement.

Twin Vee PowerCats Co. successfully merged with Forza X1, Inc., making Forza a wholly-owned subsidiary. This strategic merger, effective November 26, 2024, involved converting Forza’s shares and options into Twin Vee’s stock at a specific exchange ratio, enhancing Twin Vee’s market position. The merger also led to changes in Twin Vee’s board, with Marcia Kull joining as a director. Financial enthusiasts might find the merger’s impact on stock conversions and board dynamics an intriguing development in the corporate landscape.

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