Twin Vee PowerCats Files 8-K: 1-for-37 Reverse Split Ratified; Name Change Approved

What Happened

• Twin Vee PowerCats Co. (VEEE) reported on Form 8-K (filed Sep 9, 2026) that its stockholders approved a 1-for-37 reverse stock split and a corporate name change. At a special meeting on Sep 8, 2026, shareholders ratified the Reverse Stock Split and approved changing the company name to Twin Vee Bahama Co. The company previously filed a Certificate of Conversion in Delaware on Apr 7, 2026 as part of a purported reincorporation to Nevada; on Sep 8, 2026 it filed a Certificate of Validation of Certificate of Amendment with Delaware giving effect to the Reverse Stock Split as of May 4, 2026 at 12:01 a.m. ET.

Key Details

• Record date: Aug 10, 2026 — 584,321 shares issued and outstanding; 571,508 shares entitled to vote (12,813 shares excluded as potentially ineligible).
• Quorum: 255,575 shares present or represented (43.7% of issued and outstanding).
• Vote results:
  • Proposal 1 (Ratify 1-for-37 reverse split): For 241,315; Against 13,478; Abstain 782 — approved.
  • Proposal 2 (Name change to Twin Vee Bahama Co.): For 248,329; Against 6,628; Abstain 618 — approved.
  • Proposal 3 (Adjournment, if needed): For 244,898; Against 9,774; Abstain 903 — approved.
• The company disclosed an administrative error in the proxy statement that misstated the number of shares issued and outstanding and entitled to vote.

Why It Matters

• The reverse 1-for-37 stock split will consolidate outstanding shares, reducing the number of shares outstanding and increasing the per-share share count ratio; this can affect share price per share and trading float. The company also legally validated the split with Delaware authorities, addressing prior corporate-action irregularities tied to its reincorporation filings. The approved name change signals a rebranding to Twin Vee Bahama Co. — both actions are material corporate changes investors should note for share counts, ticker/name references, and future filings.