Twin Vee PowerCats, Co.

Twin Vee PowerCats, Co. (VEEE) priced its initial public offering on Jul 22, 2021 at $6.00 per share, within its $5.00–$6.00 range, raising $18M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $42M. ThinkEquity was lead-left underwriter. Gracin & Marlow advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

Twin Vee PowerCats, Co. designs, manufactures and markets recreational and commercial power catamaran boats. Founded in 1996, it has ten gas-powered models in production, ranging from a 24-foot center console to a 40-foot offshore model.

Status

IPO

Ticker

VEEE

Exchange

Nasdaq Capital Market

Priced

Jul 22, 2021

IPO price

$6.00

Price range

$5.00–$6.00

Raised

$18M

Market cap at IPO price

$42M

First filed

Apr 8, 2021

Underwriters

ThinkEquity

Company counsel

Gracin & Marlow

Underwriters' counsel

Sichenzia Ross Ference Carmel

Sector

Industrials & materials

Country / state

FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.