Mergers & Acquisitions ·
Twin Vee PowerCats Co. entered into a merger agreement with USFM Corporation to be acquired as a wholly owned subsidiary
VEEETwin Vee PowerCats, Co.
Twin Vee PowerCats Co. entered into a merger agreement with USFM Corporation to be acquired as a wholly owned subsidiary. Under the terms, shareholders will receive a pro rata portion of Acquiror shares representing 10% of the Acquiror's fully diluted issued and outstanding shares. The agreement includes a $500,000 termination fee payable by the Acquiror and a $1,500,000 fee payable by the Company. Additionally, Joseph Visconti resigned as Interim CFO effective July 10, 2026, and Michael P. Dickerson was appointed as Interim CFO on July 11, 2026. Twin Vee PowerCats Co. is a consumer electronics and lifestyle products company.