Twin Vee PowerCats Co. And Forza X1, Inc. Announce All-Stock Merger Agreement, Each Holder Of Forza Common Stock Will Receive 0.61166627 Shares Of Twin Vee Common Stock In Exchange For Each Forza Share; Transaction Expected To Close By End Of 2024
Portfolio Pulse from Benzinga Newsdesk
Twin Vee PowerCats Co. and Forza X1, Inc. have announced an all-stock merger agreement. Each holder of Forza common stock will receive 0.61166627 shares of Twin Vee common stock for each Forza share. The transaction is expected to close by the end of 2024.
August 12, 2024 | 8:27 pm
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Forza X1, Inc. is merging with Twin Vee PowerCats Co. in an all-stock deal. Forza shareholders will receive 0.61166627 shares of Twin Vee for each Forza share. The merger is expected to close by the end of 2024.
The merger is likely to be beneficial for Forza shareholders as they will receive Twin Vee shares, potentially providing more stability and growth opportunities. The all-stock nature of the deal and the specific exchange ratio provide clarity and value to Forza shareholders.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Twin Vee PowerCats Co. is merging with Forza X1, Inc. in an all-stock deal. Twin Vee will issue 0.61166627 shares for each Forza share. The transaction is expected to close by the end of 2024.
The merger is likely to be beneficial for Twin Vee as it expands its market presence and integrates Forza's assets. The all-stock nature of the deal and the specific exchange ratio provide clarity and value to Twin Vee shareholders.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100