Twin Vee PowerCats Co. (NASDAQ: VEEE), a manufacturer and distributor of power sport boats, has announced the pricing of a public offering of 6,491,900 shares of its common stock at a price of $0.384 per share. The offering, which is being conducted on a best-efforts basis, is expected to close on March 24, 2026. The total gross proceeds from the offering are anticipated to be approximately $2.5 million, before deducting placement agent fees and other expenses. The company intends to utilize the net proceeds primarily for working capital and general corporate purposes. ThinkEquity LLC is acting as the sole placement agent for this offering. As part of the compensation for its services, Twin Vee will pay ThinkEquity a cash fee of 7% of the gross proceeds and issue warrants to purchase 324,595 shares of common stock, which represents 5% of the shares sold in the offering. The warrants will be exercisable for a period of five years following the offering. This capital raise is expected to enhance the company's liquidity position, allowing it to better support its operational needs and strategic initiatives moving forward.

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