Twin Vee PowerCats Launches 6.49 Million Share Offering at $0.384 for $2.5M
Twin Vee PowerCats priced a 6,491,900-share at-the-market offering at $0.384 per share, targeting approximately $2.5 million in gross proceeds. The offering is expected to close March 24, 2026, with net proceeds earmarked for working capital and general corporate purposes.
1. Offering Details
Twin Vee PowerCats is conducting a best-efforts at-the-market offering of 6,491,900 common shares at $0.384 per share, aiming to raise around $2.5 million in gross proceeds before fees and expenses.
2. Use of Proceeds
The company plans to deploy net proceeds primarily toward working capital needs and general corporate purposes, supporting ongoing operations and potential strategic initiatives.
3. Timeline and Placement Agent
The offering is scheduled to close on March 24, 2026, subject to customary closing conditions, with ThinkEquity serving as the sole placement agent.