VEEE · Twin Vee Powercats Co.

Summary

Twin Vee PowerCats Co. entered into a 5-year Lease Agreement on March 12, 2026, with Visconti Holdings, LLC, an entity owned by CEO Joseph Visconti, for its 7.5-acre, approximately 100,000 square foot production facility in Fort Pierce, Florida. The triple net lease commences January 1, 2026, with initial monthly base rent of $48,208.33 plus 7% tax, annual escalations, and was approved by the Audit Committee.

Key takeaways

• Entered Lease Agreement on March 12, 2026, with Visconti Holdings, LLC (owned by CEO Joseph Visconti)
• Facility: 7.5 acres, ~100,000 sq ft including 30,000 sq ft expansion at 3101 S US-1, Fort Pierce, FL
• Term: January 1, 2026 to December 31, 2030, with two 5-year renewal options
• Initial base rent: $48,208.33/month + 7% sales/use tax; escalates to $50,882.08 in 2027, $53,636.05 in 2028, etc.
• Tenant pays property taxes, utilities, insurance, operating expenses (triple net)
• Supersedes prior lease dated January 1, 2021, approved by Audit Committee