Twin Vee PowerCats, Co. 8-K

What Happened Twin Vee PowerCats, Co. announced in an 8-K (filed March 16, 2026) that on March 12, 2026 it entered into a lease agreement with Visconti Holdings, LLC for its 7.5-acre office and production facility at 3101 S US-1, Fort Pierce, Florida. The Facility includes several buildings totaling about 100,000 square feet, including a nearly complete 30,000 sq. ft. expansion. The lease term runs five years from January 1, 2026 through December 31, 2030, with two optional five-year renewals.

Key Details

• Lease parties: Twin Vee PowerCats, Co. and Visconti Holdings, LLC (owned/controlled by Joseph Visconti, the Company’s CEO, Interim CFO, President, and Board Chair).
• Rent and taxes: initial base rent $48,208.33 per month plus applicable sales & use tax (7% in St. Lucie County); Company pays real property taxes; customary annual rent escalations apply.
• Term and options: 5-year initial term (Jan 1, 2026–Dec 31, 2030) with two additional 5-year renewal options.
• Corporate oversight: the Audit Committee reviewed and approved the related-party Lease Agreement; the new lease supersedes the prior lease (originally dated Jan 1, 2021) that had been converted to month-to-month.

Why It Matters This is a material real-estate commitment that secures Twin Vee’s manufacturing and office space, including an expansion area, which is important for operations and capacity planning. The monthly cash obligation (about $48.2k plus taxes) affects near-term operating cash needs and should be considered when evaluating liquidity and ongoing costs. Because the lessor is controlled by the Company’s CEO and chair, this is a related-party transaction; investors should note the Audit Committee’s review and that the full Lease Agreement is filed as Exhibit 10.1 to the 8-K for details.