Twin Vee PowerCats Co. Announces 1-for-37 Reverse Stock Split

Twin Vee PowerCats Co. announced a 1-for-37 reverse stock split of its common stock, effective May 4, 2026. This action is intended to regain compliance with the Nasdaq minimum bid price requirement. The reverse stock split will consolidate every 37 shares into one, reducing outstanding shares from approximately 19.6 million to 0.5 million. Authorized shares will also decrease from 500 million to approximately 13.5 million. Fractional shares will be rounded up to the nearest whole share, and adjustments will be made to equity awards and warrants. The company's common stock will continue trading under the symbol "VEEE" on The Nasdaq Capital Market on a split-adjusted basis. This move aims to broaden investor interest and maintain the company's listing.