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Twin Vee PowerCats ( (VEEE) ) has issued an announcement.
Twin Vee PowerCats Co. successfully merged with Forza X1, Inc., making Forza a wholly-owned subsidiary. This strategic merger, effective November 26, 2024, involved converting Forza’s shares and options into Twin Vee’s stock at a specific exchange ratio, enhancing Twin Vee’s market position. The merger also led to changes in Twin Vee’s board, with Marcia Kull joining as a director. Financial enthusiasts might find the merger’s impact on stock conversions and board dynamics an intriguing development in the corporate landscape.
See more insights into VEEE stock on TipRanks’ Stock Analysis page.
