On April 2, 2026, Twin Vee PowerCats Co. received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1.00 per share as stipulated in Nasdaq Listing Rule 5550(a)(2). This rule mandates that listed securities maintain a minimum bid price, and the company has failed to do so for 30 consecutive business days, specifically from February 18, 2026, to March 31, 2026. The notification stated that the company is not eligible for the typical 180-day compliance period due to a reverse stock split that occurred within the past year. Consequently, the company’s securities are at risk of delisting unless it requests a hearing before the Nasdaq Hearings Panel by April 9, 2026. The company plans to appeal this decision, which will temporarily halt any further delisting actions while the appeal is pending. However, there is no guarantee that the panel will grant the request for continued listing or that the company will regain compliance with Nasdaq's listing requirements. The company is actively monitoring its stock price and considering options to regain compliance, including the possibility of another reverse stock split.

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