NASDAQ:VEEE

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Twin Vee (VEEE) Stock Soars Over 500% After Strategic Merger and Privatization Deal

Twin Vee PowerCats (NASDAQ: VEEE) shares skyrocketed more than 520% after the recreational boat manufacturer announced a transformative transaction that will merge the public company with USFM Corporation while spinning off its marine business into a privately held entity.

Under the agreement, a subsidiary of USFM Corporation, a developer of strategic mineral interests in Greenland, will merge with Twin Vee, with existing shareholders receiving equity in the combined public company. At the same time, Twin Vee’s recreational marine operations, including the Twin Vee and Bahama Boat Works brands, will be transferred into a newly formed trust and operated as a private business.

Existing shareholders will also receive contingent value rights (CVRs), giving them the right to future distributions generated by the privatized marine business. The structure allows investors to retain exposure to both the newly combined public company and the standalone recreational boating business.

The transaction is designed to unlock shareholder value by separating Twin Vee’s established marine operations from the public company while combining the listed entity with USFM’s strategic mineral assets. Management said operating the boat business as a private company should reduce public-company costs and allow greater investment in product development, manufacturing, and customer support.

Key factors driving the stock higher include:

* Twin Vee agreed to merge with USFM Corporation in a transformative transaction.
* The company’s marine business will be spun off into a privately held entity.
* Existing shareholders will receive equity in the combined company along with contingent value rights tied to the privatized marine business.
* Investors welcomed the transaction as a potential value-unlocking event that provides exposure to both the strategic minerals business and future cash flows from the marine operations.

The transaction is expected to close during the third quarter of 2026, subject to shareholder and regulatory approvals, with the combined company expected to trade on the NYSE American. The announcement sparked an exceptional rally as investors reassessed the value of Twin Vee’s restructuring plan.
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WS News 07-13-26