Forza X1 Merges with Twin Vee for Strategic Growth

An update from Forza X1, Inc. (FRZA) is now available.

Forza X1, Inc. and Twin Vee Powercats Co. have announced a merger agreement, with Forza merging into Twin Vee’s subsidiary and surviving as a tax-free reorganization. Forza shareholders will receive Twin Vee common stock at a specified exchange ratio, with options and warrants converted accordingly. The merger’s completion hinges on shareholder approvals, Nasdaq listing, and regulatory consents, with a termination right if not consummated by December 1, 2024. The transaction aims to enhance value and growth prospects, urging investors to review forthcoming detailed filings for informed decision-making.

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