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Twin Vee Announces 1-For-10 Reverse Stock Split

1. Twin Vee PowerCats will implement a 1-for-10 reverse stock split. 2. Trading will begin on a split-adjusted basis on April 8, 2025.

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FAQ

Why Neutral?

Reverse stock splits often stabilize prices but may signal underlying issues. Historically, stocks like J. C. Penney faced declines post-split due to investor sentiment.

How important is it?

Investors may be cautious following a reverse split, which indicates potential prior instability. However, the intention to stabilize share price may attract some long-term investors.

Why Short Term?

The immediate impact may arise from increased volatility and uncertainty around investor perceptions. Typically, reverse splits lead to a pricing adjustment in the aftermath.

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Common Stock Will Begin Trading on a Split-Adjusted Basis on April 8, 2025 FORT PIERCE, FL / ACCESS Newswire / April 4, 2025 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it will implement a 1-for-10 reverse stock split of the issued and outstanding shares of the Company's common stock (the "Reverse Stock Split"), effective 11:59 p.m. Eastern Time on April 7, 2025, and the Company's common stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the opening of the market on April 8, 2025 under the existing ticker symbol "VEEE.

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