Twin vee powercats co. announces closing of public offering

Fort pierce, fl / accesswire / october 3, 2022 / twin vee powercats co. (nasdaq:veee) ("twin vee" or the "company"), a manufacturer, distributor, and marketer of power sport catamaran boats, today announced the closing of its previously announced public offering of 2,500,000 shares of its common stock at a public offering price of $2.75 per share, for gross proceeds of $6,875,000, 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 375,000 shares of common stock to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions.
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