Twin Vee PowerCats, Co. 8-K

What Happened Twin Vee PowerCats Co. (ticker: VEEE) announced on April 3, 2026 that it received a Nasdaq notice dated April 2, 2026 saying the company no longer meets Nasdaq’s $1.00 minimum bid price requirement (Nasdaq Listing Rule 5550(a)(2)). Nasdaq found the deficiency based on the closing bid price for the 30 consecutive business days from February 18, 2026 through March 31, 2026. Nasdaq advised the company it is not eligible for the usual 180-calendar-day cure period because Twin Vee completed a 1-for-10 reverse stock split on April 7, 2025.

Key Details

• Notice date: April 2, 2026; 8-K filed April 3, 2026.
• Deficiency period: closing bid prices from Feb 18, 2026 to Mar 31, 2026 (30 consecutive business days).
• Reverse split: Company effected a 1-for-10 reverse stock split on April 7, 2025, which made it ineligible for the standard 180‑day cure period (per Nasdaq Rule 5810(c)(3)(A)(iv)).
• Deadline/hearing: Nasdaq required a request for a hearing by April 9, 2026; the company intends to timely request a hearing, which will stay any suspension or delisting while the Nasdaq Hearings Panel considers the matter.
• Company actions being considered: monitoring the bid price and exploring options, including another reverse stock split, to regain compliance.

Why It Matters A Nasdaq delisting notice is material because it signals the company’s stock recently traded below the exchange’s $1.00 minimum and risks being removed from Nasdaq if the company does not regain compliance or convince the Nasdaq Hearings Panel to allow continued listing. While requesting a hearing pauses delisting actions and keeps the stock trading on Nasdaq during the appeal, there is no guarantee the Panel will grant relief. Investors should note the company’s plans to monitor the share price and consider corporate actions (such as another reverse split) to meet listing requirements.