Twin Vee PowerCats’ $18.0 Million Initial Public Offering

Sichenzia Ross Ference represented ThinkEquity in the offering.

Twin Vee PowerCats Co. (NASDAQ: VEEE) executed the initial public offering of the common stock.

The offering consisted of 3,000,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of $18,000,000.

The Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.

ThinkEquity, a division of Fordham Financial Management, acted as sole underwriter for the offering.

Twin Vee PowerCats Co. is a designer, manufacturer and marketer of recreational and commercial power catamaran boats.

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia (Picture), Darrin M. Ocasio, Jay Yamamoto, Jeffrey Cahlon and associate Jorge Campos.

Involved fees earner: Jeffrey Cahlon – Sichenzia Ross Ference; Jorge Campos – Sichenzia Ross Ference; Darrin Ocasio – Sichenzia Ross Ference; Gregory Sichenzia – Sichenzia Ross Ference; Jay Yamamoto – Sichenzia Ross Ference;

Law Firms: Sichenzia Ross Ference;

Clients: ThinkEquity;

Author: Martina Bellini