Dividends & Buybacks ·
Twin Vee PowerCats Co. filed a Certificate of Validation to formally ratify a 1-for-37 reverse stock split that became…
VEEETwin Vee PowerCats, Co.
Twin Vee PowerCats Co. filed a Certificate of Validation to formally ratify a 1-for-37 reverse stock split that became effective on May 4, 2026, following stockholder approval at a special meeting held on September 8, 2026. The company also approved a name change from Twin Vee PowerCats Co. to Twin Vee Bahama Co. and corrected an administrative error in the proxy statement regarding the number of shares issued and outstanding as of the August 10 record date. This high-ratio reverse split is material as it significantly alters the share structure and likely aims to address Nasdaq listing compliance requirements. The company operates in the marine industry, designing and manufacturing high-performance power catamarans.