Twin Vee PowerCats Co. Announces Closing of Initial Public O

Twin Vee PowerCats Co. Announces Closing of Initial Public Offering
ACCESSWIRE
24 Jul 2021, 06:19 GMT+10
FORT PIERCE, FL / ACCESSWIRE / July 23, 2021 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ('Twin Vee' or the 'Company') a designer, manufacturer and marketer of recreational and commercial power catamaran boats, today announced the closing of its initial public offering of 3,000,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of $18,000,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.

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