Twin Vee PowerCats Co.
20.80%
3,271,854
1855509
90177C101
Dec 30, 2024
Jan 3, 2025, 03:56 PM
Reporting Persons (1)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Joseph C. Visconti | Individual | 20.80% | 3,271,854 | 3,271,854 | 0 |
Disclosure Items (6)
Common Stock, $0.001 par value per share
Twin Vee PowerCats Co.
3101 S. US-1, Ft. Pierce, FL, 34982
Joseph C. Visconti
The principal business address of the Reporting Persons is: c/o Twin Vee PowerCats Co, 3101 S. US-1, Ft. Pierce, Florida 34982.
The Reporting Person is the Chairman of the Board and Chief Executive Officer of the Issuer.
During the past five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
United States
The shares of Common Stock reported herein as beneficially owned by the Reporting Person were: (i) purchased with personal funds; (ii) granted as compensation for the Reporting Person's services as an employee of the Issuer; (iii) acquired as merger consideration in connection with the merger of Twin Vee Powercats, Inc. with and into Twin Vee PowerCats Co. effective November 29, 2022; or (iv) acquired as merger consideration in connection with the merger of Twin Vee Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of the Issuer with and into Forza X1, Inc., a Delaware corporation ("Forza") effective as of November 26, 2024, with Forza surviving such merger (the "Forza Merger") as a wholly-owned subsidiary of the Issuer.
The responses set forth in rows 11 through 13 and the related "Comments for Type of Reporting Person" on the cover page to this Schedule 13D are incorporated by reference into this Item 5.
The responses set forth in rows 7 through 10 and the related "Comments for Type of Reporting Person" on the cover page to this Schedule 13D are incorporated by reference into this Item 5.
Except as set forth in Annex A, the Reporting Person has not effected any transactions in securities of the Issuer during the past 60 days.
No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by the Reporting Persons.
Not applicable.
Other than as indicated in this statement, the Reporting Person is not party to any contract, arrangement, understanding, or relationship (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to, the transfer or voting of any of the Issuer's securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.