Twin Vee PowerCats Co (Pre-Reincorporation) (VEEE) News & EventsVEEETwin Vee PowerCats Co (Pre-Reincorporation)

USFM and Twin Vee Amend Merger Agreement

USFM Corporation, USFM, and Twin Vee PowerCats announced that they have amended their definitive merger agreement for USFM's pending business combination with Twin Vee, which was initially entered into on July 12, 2026. The amended merger agreement, amongst other changes, reflects a revised transaction structure, includes a requirement for USFM to use reasonable best efforts to seek to close an up to $5M private investment in public equity investment, and reflects a reduction in the post-closing stock split for the combined company from 90% pre-closing USFM stockholders / 10% pre-closing Twin Vee stockholders under the initial merger agreement to 93% pre-closing USFM stockholders / 7% pre-closing Twin Vee stockholders under the amended merger agreement. Other key terms of the July 12, 2026 initial merger agreement remain unchanged. The amended merger agreement has been approved by the Board of Directors of Twin Vee and the Board of Directors of USFM Corporation. The parties currently expect the transaction to close in the fourth quarter of 2026 or the first quarter of 2027, subject to the satisfaction of closing conditions.

Twin Vee PowerCats Trading Halted Due to Volatility

Twin Vee PowerCats Co (Nevada) trading halted, volatility trading pause

Twin Vee PowerCats Trading Halted Due to Volatility

Twin Vee PowerCats Co (Nevada) trading halted, volatility trading pause