Sichenzia Ross Ference LLP Represents ThinkEquity LLC in $18.0 Million Initial Public Offering of Common Stock of Twin Vee PowerCats Co.
Press Release – New York, NY – July 26, 2021 – Sichenzia Ross Ference LLP announced today that it represented ThinkEquity, a division of Fordham Financial Management, as sole underwriter in the initial public offering of the common stock of Twin Vee PowerCats Co. (NASDAQ: VEEE), a designer, manufacturer and marketer of recreational and commercial power catamaran boats. The offering consisted of 3,000,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of $18,000,000.
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.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Darrin M. Ocasio, Jay Yamamoto, Jeffrey Cahlon and associate Jorge Campos.
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