Twin Vee Seeks Shareholder Ratification for Invalid 1-for-37 Reverse Split

Twin Vee PowerCats Co. announced that its attempted reincorporation from Delaware to Nevada in April 2026 was invalid due to a lack of sufficient shareholder approval. Consequently, the company corrected its status to remain a Delaware corporation. This invalid reincorporation also rendered a subsequent 1-for-37 reverse stock split, executed with only Board approval, invalid under Delaware law. The company is now seeking shareholder approval to ratify this reverse stock split. Additionally, the Board approved an amendment to the company's bylaws, reducing the quorum for stockholder meetings from a majority to at least 1/3 of the outstanding shares.