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Twin Vee PowerCats Co. disclosed that its April 10, 2026 attempt to reincorporate from Delaware to Nevada was invalid…
VEEETwin Vee PowerCats, Co.
Twin Vee PowerCats Co. disclosed that its April 10, 2026 attempt to reincorporate from Delaware to Nevada was invalid due to insufficient stockholder approval under Delaware law. Consequently, the company filed certificates in August 2026 to dissolve the Nevada entity and correct its status as a Delaware corporation. The filing also announced an amendment to reduce the stockholder meeting quorum requirement from a majority to one-third of outstanding shares. Additionally, the company is seeking stockholder ratification for a previously board-approved 1-for-37 reverse stock split executed on April 30, 2026, which lacked requisite shareholder consent under Delaware law. Twin Vee PowerCats Co. designs and manufactures high-performance aluminum catamaran boats.