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.

Though initial public offerings (IPOs) suffered a dearth of opportunities and enthusiasm this year, Friday's debut of electric boat manufacturer Forza X1 (NASDAQ:FRZA) — sparking a 139% lift in FRZA stock — bodes well for electric mobility specifically and IPO sentiment broadly. Catamaran boat specialist Twin Vee Powercats (NASDAQ: VEEE ) spun off its Forza unit, and VEEE shares are up big too.

FRZA Stock News: What to Watch as Forza X1 Completes Its IPO

FORT PIERCE, FL / ACCESSWIRE / August 11, 2022 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced the pricing of its initial public offering of 3,000,000 shares of the Company's common stock at a public offering price of $5.00 per share, for aggregate gross proceeds of $15 million prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of common stock at the public offering price less discounts, to cover over-allotments.

Forza X1, Inc. Announces Pricing of Initial Public Offering

News for Forza X1 Inc Stock (FRZA)