Twin Vee PowerCats Announces $1.7M Offering

The boat manufacturer plans to use proceeds for working capital and general corporate purposes.

Mar. 17, 2026 at 12:21am

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Twin Vee PowerCats Co., a manufacturer, distributor, and marketer of power sport boats, announced the pricing of a best-efforts offering of 4,473,000 shares of its common stock at $0.38 per share, priced at-the-market under Nasdaq rules. The total gross proceeds from the offering are expected to be approximately $1.7 million.

Why it matters

The additional capital will help Twin Vee PowerCats, a 30-year-old boat manufacturer based in Fort Pierce, Florida, fund its ongoing operations and growth initiatives as it continues to produce its line of catamaran sport boats known for their stability, fuel efficiency, and smooth ride.

The details

The offering is expected to close on March 17, 2026, subject to satisfaction of customary closing conditions. The company plans to use the net proceeds primarily for working capital and general corporate purposes. ThinkEquity is acting as the sole placement agent for the offering.

  • The offering is expected to close on March 17, 2026.

The players

Twin Vee PowerCats Co.

A manufacturer, distributor, and marketer of power sport boats, including the Twin Vee and Bahama Boat Works brands.

ThinkEquity

The sole placement agent for the offering.

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The takeaway

This capital raise will provide Twin Vee PowerCats with additional resources to support its ongoing operations and growth initiatives as it continues to produce its popular line of catamaran sport boats.