Forza X1 Inc

Forza X1, Inc. manufactures and develops fully electric boats. It focuses on the creation and implementation of marine electric vehicle (“EV”) technology to control and power electric boats utilizing proprietary outboard electric motor. The company was founded on October 15, 2021 and is headquartered in Fort Pierce, FL.

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Forza X1, Inc. engages in the manufacture and development of fully electric boats. It also focuses on the creation and implementation of marine electric vehicle technology to control and power electric boats utilizing proprietary outboard electric motors. The company was founded on October 15, 2021 and is headquartered in Fort Pierce, FL.

Twin Vee PowerCats Co

FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida, today reported operational highlights and financial results for the three months ended September 30, 2024. Highlights: (Unless otherwise noted, all comparisons are to the three months ended September 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Q3" refers to the three months ended September 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Shareholders of both Twin Vee and Forza X1, Inc. (OTC: FRZA) voted in favor of the merger of these two entities.

Twin Vee PowerCats Co. Reports Third Quarter 2024 Results of Operations

FORT PIERCE, FL / ACCESSWIRE / November 13, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee"), and Forza X1, Inc. (OTC PINK:FRZA), ("Forza"), today announced that their respective shareholders have voted to approve the previously announced merger agreement at their respective annual shareholder meetings held on November 11, 2024. The merger's closing is subject to the satisfaction of the remaining customary closing conditions and both companies expect the merger to close in the near future.

Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies

NEW YORK , Oct. 14, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: Forza X1, Inc. (Nasdaq: FRZA ), relating to its proposed merger with Twin Vee Powercats Co. Under the terms of the agreement, Forza shareholders are expected to receive 0.611666275 shares of Twin Vee per share of Forza they own.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers and Looming Votes of FRZA and VEEE

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Forza X1, Inc. (NasdaqCM: FRZA) to Twin Vee PowerCats Co. (NasdaqCM: VEEE). Under the terms of the proposed transaction, shareholders of Forza will receive 0.61166627 shares of Twin Vee for each share of Forza that they own. Upon closing of the proposed transaction, Forza shareholders would own approximately 3.

FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA

Crossfirst Bankshares Inc

NEW YORK, NY / ACCESSWIRE / September 6, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Forza X1, Inc. (NASDAQ:FRZA)'s sale to Twin Vee PowerCats Co. for 0.61166627 shares of Twin Vee common stock for each share of Forza common stock. Upon closing of the proposed transaction, Forza shareholders would own approximately 36% of the combined company.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FRZA and CFB on Behalf of Shareholders

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Forza X1, Inc. ( Nasdaq: FRZA ), relating to its proposed merger with Twin Vee Powercats Co. Under the terms of the agreement, Forza shareholders are expected to receive 0.61166627 shares of Twin Vee per share of Forza they own.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Forza X1, Inc. – FRZA

NEW YORK , Sept. 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Forza X1, Inc. - FRZA

FORT PIERCE, FL / ACCESSWIRE / August 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), manufactures Twin Vee PowerCats and AquaSport boats knows as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida today reported operational highlights and financial results for three months ended June 30, 2024. Highlights for three months ended June 30, 2024: (Unless otherwise noted, all comparisons are to the three months ended June 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Twin Vee experienced a decline in demand for its products due to higher interest rates and slowing economic demand for recreational vehicles Proactive measures were taken to mitigate slowing demand challenges, including lowering production numbers, tightened financial controls, and a reduction in workforce.

Twin Vee PowerCats Co. Reports Second Quarter 2024 Results of Operations

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Forza X1, Inc. (NASDAQ: FRZA) to Twin Vee PowerCats Co. for 0.61166627 shares of Twin Vee common stock for each share of Forza common stock is fair to Forza shareholders. Upon closing of the proposed transaction, Forza shareholders would own approximately 36% of the combined company. Halper Sadeh encourages Forza shareholders to click here to learn more about their legal rights and opt.

FRZA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Forza X1, Inc. Is Fair to Shareholders

HALIFAX-KJIPUKTUK, Nova Scotia--(BUSINESS WIRE)--Members of the Nova Scotia School Board Council of Unions will present “Safe Staff, Safe Schools: A worker-led review of violence in Nova Scotia's public schools,” a new report on the topic of violence in public schools, at a public press conference this Thursday. Following the launch of a new campaign focused on addressing the safety of staff and students in public schools across Nova Scotia, school support staff will speak to media on this issu.

Safe Staff, Safe Schools: School Support Staff Release Worker-Led Report on Violence in Nova Scotia Public Schools

Investors Encouraged to Attend Twin Vee's Earnings Call on August 14 at 4:00 pm EDT FORT PIERCE, FL / ACCESSWIRE / August 13, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats stated today that, in light of the Merger Agreement between Forza and Twin Vee PowerCats Co. (NASDAQ:VEEE) that was announced yesterday afternoon via 8-K, its conference call and audio webcast originally scheduled for Wednesday, August 14, 2024, at 2:00 p.m. (Eastern Time) will no longer be taking place.

Forza X1, Inc. Suspends Second Quarter 2024 Financial Results Call Due to Announcement of Merger Agreement with Twin Vee PowerCats Co.

FORT PIERCE, FL / ACCESSWIRE / August 12, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee") and Forza X1, Inc. (Nasdaq:FRZA) ("Forza"), today jointly announced that they have entered into a definitive merger agreement for an all-stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger. Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractional shares will be issued) and the 7,000,000 shares of Forza Common Stock held by Twin Vee will be canceled.

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

FORT PIERCE, FL / ACCESSWIRE / August 7, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats will host a conference call and audio webcast on Wednesday, August 14, 2024, at 2:00 p.m. (Eastern Time) to discuss and answer questions about the Company's research and development efforts for the second quarter of 2024.

Forza X1, Inc. Announces Second Quarter 2024 Financial Results Call on August 14

FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for three months ended March 31, 2024. Highlights for three months ended March 31, 2024: (All comparisons are to the three months ended March 31, 2023 unless otherwise noted) Revenue for the three months ending March 31, 2024, decreased by 41% to $5,276,000 from $8,877,000 in the corresponding period of the previous year.

Twin Vee PowerCats Co. Reports Results for First Quarter 2024 Operations

FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats, today reported operational highlights and financial results for the three months ended March 31, 2024. Highlights for the Three Months Ended March 31, 2024: Cash, cash equivalents, and marketable securities were approximately $9,952,000 on March 31, 2024, compared to $12,803,000 on December 31, 2023.

Forza X1, Inc. Reports Results for the Three Months Ended March 31, 2024

FORT PIERCE, FL / ACCESSWIRE / May 8, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Wednesday, May 15, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's first quarter.

Forza X1, Inc. Announces First Quarter 2024 Financial Results Call on May 15

Forza X1, Inc. (FRZA) Q4 2023 Earnings Call Transcript

FORT PIERCE, FL / ACCESSWIRE / March 26, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for fiscal year ended December 31, 2023. Highlights for fiscal year 2023: Revenue for the year ended December 31, 2023 increased 4% to $33,426,000 as compared to $31,988,000 in 2022.

Twin Vee PowerCats Co. Reports 4% Increase in Revenue for the Year Ended December 31, 2023

FORT PIERCE, FL / ACCESSWIRE / March 26, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats, today reported operational highlights and financial results for the year ended December 31, 2023. Highlights for the Year Ended December 31, 2023: Cash, cash equivalents, and marketable securities were approximately $12,803,000 at December 31, 2023 compared to $12,767,000 at December 31, 2022.

Forza X1, Inc. Reports Results for the Year Ended December 31, 2023

FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats, will host a conference call and audio webcast on Tuesday, March 26, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company and its research and development efforts for the year ended December 31, 2023.

Forza X1, Inc. Announces Year End 2023 Financial Results Call on March 26

FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today most of the concrete for the 60,000 square foot floor has been poured and crews are scheduled to start setting steel this week at the site of the Company's state-of-the-art manufacturing facility located on its 11-acre property in Marion, North Carolina. Forza's Executive Chairman, Interim CEO, and Chief of Product Development Joseph Visconti expressed enthusiasm about the next phase of the factory's construction, stating, "We are one step closer to realizing our vision for a cutting-edge manufacturing facility.

Forza X1, Inc. Provides Construction Update on Future North Carolina Facility

FORT PIERCE, FL / ACCESSWIRE / March 18, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced last week the appointment of Joseph Visconti as the Company's Interim Chief Executive Officer and Daniel Norton as the Company's President, effective immediately. They replace Jim Leffew, who notified the Company of his resignation on March 6th.

Forza X1, Inc. Names Joseph Visconti as Interim CEO and Daniel Norton as President

FORT PIERCE, FL / ACCESSWIRE / January 31, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today the commencement of the first concrete pour at the future site of the Company's state-of-the-art manufacturing facility located on its 11-acre property in Marion, North Carolina. The initial pour represents half of the concrete that will be used for the approximately 60,000-square-foot facility.

Forza X1, Inc. Conducts First Foundation Concrete Pour at Future North Carolina Facility

SEOUL, SOUTH KOREA and FORT PIERCE, FL / ACCESSWIRE / January 11, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats, revealed yesterday that it entered a groundbreaking partnership with Avikus Co., Ltd. (a startup specializing in autonomous navigation solutions, was established in December 2020 by H.D.

Avikus, Forza X1, Inc. and Twin Vee PowerCats Co. Announce Plans for the Future of Recreational Boating with Autonomous A.I. Technology Partnership

SEOUL, SOUTH KOREA and FORT PIERCE, FL / ACCESSWIRE / January 10, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, and Avikus Co., Ltd. (a startup specializing in autonomous navigation solutions, was established in December 2020 by H.D.

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