8-K - Twin Vee Powercats Co. | StockGist

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Twin Vee PowerCats Co. entered into a Placement Agency Agreement with ThinkEquity LLC on March 16, 2026, for a best-efforts public offering of 4,473,000 shares of common stock at $0.38 per share, which closed on March 17, 2026, yielding approximately $1.7 million in gross proceeds before fees and expenses, to be used for working capital and general corporate purposes.

Key Takeaways

1Entered Placement Agency Agreement with ThinkEquity LLC on March 16, 2026

2Offered 4,473,000 shares of common stock at $0.38 per share

3Offering closed on March 17, 2026 with gross proceeds of approximately $1.7 million

4Placement agent compensation includes 7% cash fee, 1% expense allowance, $115,000 reimbursement, and warrants for 223,650 shares at $0.475 per share

5Company and executives/directors subject to lock-up periods of 3 and 6 months from March 17, 2026, respectively

6Securities sold pursuant to effective S-3 registration statement (File No. 333-293911)

Current Report Details

Event Type

Material Agreement

Other Event

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry into a Material Definitive Agreement. On March 16, 2026, Twin Vee PowerCats Co., a Delaware corporation (the “Company”), entered into a placement agency

Material Agreement

$1.7M$115.0K

8.01

. Other Events. On March 16, 2026, the Company issued a press release announcing the pricing of the Offering. On March 17, 2026, the Company issued a press rele

Other Event

9.01

Financial Statements and Exhibits Exhibit No. Description 1.1+^ Placement Agency Agreement, dated as of March 16, 2026, by and between Twin Vee PowerCats Co. an

Exhibits Only

Source Document

Transaction Details

Material Agreement

Agreement: Placement Agency Agreement
Parties: Twin Vee PowerCats Co., ThinkEquity LLC

•Best-efforts public offering of 4,473,000 shares of common stock at $0.38 per share
•Offering closed on March 17, 2026
•Gross proceeds approximately $1.7 million before deducting placement agent fees, expenses, and offering costs
•Net proceeds for working capital and general corporate purposes
•Placement agent compensation: 7% cash fee of aggregate gross proceeds, 1% non-accountable expense allowance, $115,000 expense reimbursement, warrants to purchase 223,650 shares (5% of shares sold) at $0.475 per share (125% of offering price), exercisable immediately for five years
•Lock-up agreements: Company for 3 months, executive officers and directors for 6 months from March 17, 2026, subject to exceptions
•Pursuant to Registration Statement on Form S-3 (File No. 333-293911) effective March 5, 2026

Exhibits (5)

1.1

EXHIBIT 1.1

4.4

EXHIBIT 4.1

8-K

FORM 8-K

99.1

EXHIBIT 99.1

99.2

EXHIBIT 99.2