Twin Vee PowerCats Co.
3.60%
53,600
1855509
90177C200
May 7, 2025
May 8, 2025, 09:17 PM
Reporting Persons (4)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Joshua S. Horowitz | Individual | 3.60% | 53,600 | 3,600 | 50,000 |
| Palm Management (US) LLC | Other | 3.40% | 50,000 | 0 | 50,000 |
| Palm Global Small Cap Master Fund LP | Partnership | 3.40% | 50,000 | 0 | 50,000 |
| Bradley C. Palmer | Individual | 3.40% | 50,000 | 0 | 50,000 |
Disclosure Items (3)
Common Stock, par value $0.001 per share
Twin Vee PowerCats Co.
3101 S. US-1, Ft. Pierce, FL, 34982
The Reporting Persons beneficially own in the aggregate 53,600 shares of Common Stock, which represents approximately 3.6% of the Company's outstanding shares of Common Stock. Palm Global directly holds the number and percentage of shares of Common Stock disclosed as beneficially owned by it in the applicable table set forth on the cover page to this Statement. Mr. Horowitz directly holds the number and percentage of shares of Common Stock disclosed as solely beneficially owned by him in the applicable table set forth on the cover page to this Statement. None of the other Reporting Persons directly holds any of the shares of Common Stock disclosed in this Statement. Palm Management (US) LLC, as the investment manager of Palm Global, may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by Palm Global. Due to their positions with Palm Management (US) LLC and Palm Global, each of Mr. Palmer and Mr. Horowitz may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by Palm Global. Palm Management (US) LLC, Mr. Palmer and Mr. Horowitz expressly disclaim such beneficial ownership except to the extent of their pecuniary interest therein. Each percentage ownership of Common Stock set forth in this Statement is based on 1,487,299 shares of Common Stock reported by the Company as outstanding as of May 1, 2025 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025.
Palm Global beneficially owns, and has the shared power to direct the voting and disposition of, the shares of Common Stock disclosed as beneficially owned by it in the applicable table set forth on the cover page to this Statement. Palm Management (US) LLC, as the investment manager of Palm Global, has the shared power to direct the voting and disposition of the shares of Common Stock held by Palm Global. Due to their positions with Palm Management (US) LLC and Palm Global, each of Mr. Palmer and Mr. Horowitz may be deemed to have the shared power to direct the voting and disposition of the shares of Common Stock held by Palm Global. Mr. Horowitz has the sole power to direct the voting and disposition of the shares of Common Stock disclosed as solely beneficially owned by him in the applicable table set forth on the cover page to this Statement.
On May 8, 2025, in open market transactions, (i) Palm Global sold 31,860 shares of Common Stock at a weighted average price of $6.92 per share and (ii) Mr. Horowitz sold 2,346 shares of Common Stock at a weighted average price of $6.73 per share. The Reporting Persons did not effect any other transactions in the Company's securities in the last 60 days.
May 8, 2025
Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons have entered into an agreement with respect to the joint filing of this Statement, which agreement is set forth on the signature page to this Statement.