Current Report Filing (8-k)
August 18 2022 - 4:27PM
Edgar (US Regulatory)
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2022-08-17
2022-08-17
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iso4217:USD
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 17, 2022
Twin
Vee PowerCats Co.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-40623 |
|
27-1417610 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification
No.) |
3101
S. US-1
Ft. Pierce, Florida 34982
(Address
of principal executive offices)
(772) 429-2525
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered
pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common stock, par value $0.001
per share |
|
VEEE |
|
The Nasdaq Stock Market LLC
(Nasdaq Capital Market) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
Forza X1 and OneWater Agreement
On August 17, 2022, Forza X1, Inc. (“Forza X1”),
a subsidiary of Twin Vee PowerCats Co. (the “Company”), entered into an agreement (the “OneWater Agreement”) with
OneWater Marine, Inc. (“One Water”) to establish Forza X1 customer experience and service centers in OneWater’s current
and future locations and other strategic locations across the United States pursuant to which OneWater will be the sole dealer distributing
Forza X1 products and OneWater’s retail locations may be used as potential delivery points for customers to pick up their Forza
X1 products. Forza X1 retained the right to sell its products directly to customers. The OneWater
Agreement has a term of five years but may be terminated by either party for breach upon thirty days’ notice and without cause upon
three months’ notice.
The foregoing
description of the OneWater Agreement does not purport to be complete and is qualified in
its entirety by reference to a copy of the OneWater Agreement, which is included as Exhibit 10.1 to this Current Report on
Form 8-K and is incorporated herein in reference.
Item 8.01. Other Events.
On August 18, 2022, Forza X1 issued a press release
announcing the OneWater Agreement, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 18, 2022 |
Twin
Vee Powercats Co. (Registrant) |
|
|
|
By: |
|
/s/
Joseph Visconti |
|
Name: |
|
Joseph Visconti |
|
Title: |
|
Chief Executive Officer
and President |
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