Twin Vee PowerCats

Twin Vee PowerCats is pricing a public offering of common stock at $0.47 per share, a steep discount to recent trading levels. The offering is expected to raise approximately $3 million for working capital and general corporate purposes. This move, along with historical equity raises, has negatively impacted the company’s stock price, indicating investor concerns about dilution and ongoing reliance on external financing to manage operations amidst profitability challenges.