Twin Vee PowerCats Raises $2.5 Million Through Stock Offering.

Twin Vee PowerCats Co. has closed a best-efforts offering of 6,491,900 shares of common stock at $0.384 per share, raising approximately $2.5 million in gross proceeds. The company plans to use the net proceeds for working capital and general corporate purposes. ThinkEquity acted as the sole placement agent for the offering. The securities were offered and sold under a shelf registration statement declared effective on March 5, 2026.