VEEE · Twin Vee Powercats Co.

Twin Vee PowerCats Co. announced a 1-for-37 reverse stock split to address non-compliance with Nasdaq's minimum bid price requirement. The split becomes effective at 12:01 a.m. Eastern Time on May 4, 2026, with trading on a split-adjusted basis starting that day under the same ticker 'VEEE'. The authorized common shares will decrease from 500 million to approximately 13.5 million, and outstanding shares from about 19.6 million to roughly 0.5 million. No fractional shares will be issued; any fractional interests will be rounded up to the nearest whole share. The preferred stock authorized shares remain unchanged at 10 million. The new CUSIP number is 90177C 309. The board approved the split on April 10, 2026, and no stockholder approval was required under Nevada law. This action is intended to regain compliance with Nasdaq's listing requirements and broaden potential investor interest.