Twin Vee PowerCats Announces Sale of 6.38M Shares at $0.47
Twin Vee PowerCats priced a best-efforts public offering of 6,383,000 shares at $0.47 each, expected to raise approximately $3 million before fees. Proceeds will support working capital and general corporate purposes, with closing anticipated on February 23, 2026 subject to customary conditions.
1. Offering Priced at $0.47 per Share
Twin Vee PowerCats has launched a best-efforts public offering of 6,383,000 common shares at a public price of $0.47 per share to raise capital.
2. Expected Gross Proceeds of $3 Million
Before deducting placement agent fees and offering expenses, the sale is projected to generate about $3.0 million in gross proceeds.
3. Use of Proceeds and Closing Conditions
Net proceeds are earmarked for working capital and general corporate purposes, with the deal set to close on February 23, 2026, subject to customary closing conditions and ThinkEquity acting as sole placement agent.