Twin Vee PowerCats, Co. (VEEE) company profile

Twin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial powerboats. The company produces dual-hull catamarans under the Twin Vee brand and monohull vessels under the Bahama Boat Works brand, outfitted with gas-powered outboard combustion engines. Its boats serve retail consumers for recreational activities such as fishing, diving, and water skiing, as well as commercial clients for eco-tours, passenger transport, and charters. In addition, the company is developing Wizz Banger, a technology-enabled marine valuation and retail platform.

The company operates from a 7.5-acre manufacturing facility encompassing roughly 100,000 square feet across several buildings in Fort Pierce, Florida, where it is also headquartered. It employs approximately 70 people. Twin Vee distributes its watercraft primarily through an independent network of 17 boat dealers across North America, Hawaii, and Australia, while also planning to launch a physical retail location at its Florida headquarters.

Summary of the business section of Twin Vee PowerCats's latest annual report, written by StockData.

“The initial public offering price of our shares of common stock is $6.00 per share.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“We currently employ approximately 70 people.”