QualityStocksNewsBreaks – Twin Vee PowerCats Co. (NASDAQ: VEEE) Announces $18M Initial Public Offering
Twin Vee (NASDAQ: VEEE), a designer, manufacturer and marketer of recreational and commercial power catamaran boats, has announced the pricing of its initial public offering of 3,000,000 shares of its common stock, each at a public offering price of $6.00, for gross proceeds of $18,000,000. 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. All of the shares of common stock are being offered by the company. Twin Vee intends to use the proceeds…