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8-K - Forza X1, Inc. (0001901305) (Filer)

FORT PIERCE, FL / ACCESSWIRE / March 18, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced last week the appointment of Joseph Visconti as the Company's Interim Chief Executive Officer and Daniel Norton as the Company's President, effective immediately. They replace Jim Leffew, who notified the Company of his resignation on March 6th.Mr. Visconti currently serves as Forza's Executive Chairman and Chief of Product Development in addition to his recent appointment as Interim CEO. Mr. Visconti is also the CEO, President, and Chairman of Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee")

FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida, today reported operational highlights and financial results for the three months ended September 30, 2024.Highlights: (Unless otherwise noted, all comparisons are to the three months ended September 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Q3" refers to the three months ended September 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refer

FORT PIERCE, FL / ACCESSWIRE / November 13, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), and Forza X1, Inc. (OTC:FRZA),("Forza"), today announced that their respective shareholders have voted to approve the previously announced merger agreement at their respective annual shareholder meetings held on November 11, 2024.The merger's closing is subject to the satisfaction of the remaining customary closing conditions, and both companies expect the merger to close in the near future. Upon closing, Forza will merge with and into Twin Vee Merger Sub, Inc., a wholly-owned subsidiary of Twin Vee, with Forza surviving the merger as a wholly-owned subsidiary of Twin Vee.

FORT PIERCE, FL / ACCESSWIRE / August 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), manufactures Twin Vee PowerCats and AquaSport boats knows as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida today reported operational highlights and financial results for three months ended June 30, 2024.Highlights for three months ended June 30, 2024: (Unless otherwise noted, all comparisons are to the three months ended June 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segm

FORT PIERCE, FL / ACCESSWIRE / August 12, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee") and Forza X1, Inc. (NASDAQ:FRZA) ("Forza"), today jointly announced that they have entered into a definitive merger agreement for an all-stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger.Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractiona

FORT PIERCE, FL / ACCESSWIRE / August 7, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats will host a conference call and audio webcast on Wednesday, August 14, 2024, at 2:00 p.m. (Eastern Time) to discuss and answer questions about the Company's research and development efforts for the second quarter of 2024. Financial results will be issued in a press release before the call.Event: Forza X1, Inc. Second Quarter 2024 Financial Results Conference CallDate: Wednesday, August 14, 2024Time: 2:00 p.m. Eastern TimeLive Call and Q&A:Toll Free: 1-877-407-4018Toll/International: 1-201-689-8471Conference ID: 13747916Audio Webcast: LINK HERE (Participan

FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for three months ended March 31, 2024.Highlights for three months ended March 31, 2024: (All comparisons are to the three months ended March 31, 2023 unless otherwise noted)Revenue for the three months ending March 31, 2024, decreased by 41% to $5,276,000 from $8,877,000 in the corresponding period of the previous year.Twin Vee's Gas-Powered boat segment adjusted net loss for the quarter ending March 31, 2024, was $669,500.Consolidated n

FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats, today reported operational highlights and financial results for the three months ended March 31, 2024.Highlights for the Three Months Ended March 31, 2024:Cash, cash equivalents, and marketable securities were approximately $9,952,000 on March 31, 2024, compared to $12,803,000 on December 31, 2022.Reduced cash burn during the first quarter through lower SG&A, including salaries, wages, and R&D spending."The past year has seen a marked deceleration in the global demand for recreational marine vehicles, influenced heavily by economic uncertainties and shifti

FORT PIERCE, FL / ACCESSWIRE / May 8, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Wednesday, May 15, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's first quarter. Financial results will be issued in a press release before the call.Event: Forza X1, Inc. First Quarter 2024 Financial Results Conference CallDate: Wednesday, May 15, 2024Time: 10:00 a.m. Eastern TimeLive Call and Q&A:Toll-Free: 1-877-407-4018Toll/International: 1-201-689-8471Conference ID: 13746471Audio Webcast: LINK HERE (Participants li

FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats, will host a conference call and audio webcast on Tuesday, March 26, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company and its research and development efforts for the year ended December 31, 2023. Financial results will be issued in a press release before the call.Event: Forza X1, Inc. Year End 2023 Financial Results Conference CallDate: Tuesday, March 26, 2024Time: 10:00 a.m. Eastern TimeLive Call and Q&A: Toll Free: 1-877-407-4018Toll/International: 1-201-689-8471Conference ID: 13745200Audio Webcast: LINK HERE (Partic

FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today most of the concrete for the 60,000 square foot floor has been poured and crews are scheduled to start setting steel this week at the site of the Company's state-of-the-art manufacturing facility located on its 11-acre property in Marion, North Carolina.Forza's Executive Chairman, Interim CEO, and Chief of Product Development Joseph Visconti expressed enthusiasm about the next phase of the factory's construction, stating, "We are one step closer to realizing our vision for a cutting-edge

FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida, today reported operational highlights and financial results for the three months ended September 30, 2024.Highlights: (Unless otherwise noted, all comparisons are to the three months ended September 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Q3" refers to the three months ended September 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refer

FORT PIERCE, FL / ACCESSWIRE / August 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), manufactures Twin Vee PowerCats and AquaSport boats knows as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida today reported operational highlights and financial results for three months ended June 30, 2024.Highlights for three months ended June 30, 2024: (Unless otherwise noted, all comparisons are to the three months ended June 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segm

FORT PIERCE, FL / ACCESSWIRE / August 7, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats will host a conference call and audio webcast on Wednesday, August 14, 2024, at 2:00 p.m. (Eastern Time) to discuss and answer questions about the Company's research and development efforts for the second quarter of 2024. Financial results will be issued in a press release before the call.Event: Forza X1, Inc. Second Quarter 2024 Financial Results Conference CallDate: Wednesday, August 14, 2024Time: 2:00 p.m. Eastern TimeLive Call and Q&A:Toll Free: 1-877-407-4018Toll/International: 1-201-689-8471Conference ID: 13747916Audio Webcast: LINK HERE (Participan

FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for three months ended March 31, 2024.Highlights for three months ended March 31, 2024: (All comparisons are to the three months ended March 31, 2023 unless otherwise noted)Revenue for the three months ending March 31, 2024, decreased by 41% to $5,276,000 from $8,877,000 in the corresponding period of the previous year.Twin Vee's Gas-Powered boat segment adjusted net loss for the quarter ending March 31, 2024, was $669,500.Consolidated n

FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats, today reported operational highlights and financial results for the three months ended March 31, 2024.Highlights for the Three Months Ended March 31, 2024:Cash, cash equivalents, and marketable securities were approximately $9,952,000 on March 31, 2024, compared to $12,803,000 on December 31, 2022.Reduced cash burn during the first quarter through lower SG&A, including salaries, wages, and R&D spending."The past year has seen a marked deceleration in the global demand for recreational marine vehicles, influenced heavily by economic uncertainties and shifti

FORT PIERCE, FL / ACCESSWIRE / May 8, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Wednesday, May 15, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's first quarter. Financial results will be issued in a press release before the call.Event: Forza X1, Inc. First Quarter 2024 Financial Results Conference CallDate: Wednesday, May 15, 2024Time: 10:00 a.m. Eastern TimeLive Call and Q&A:Toll-Free: 1-877-407-4018Toll/International: 1-201-689-8471Conference ID: 13746471Audio Webcast: LINK HERE (Participants li

FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats, will host a conference call and audio webcast on Tuesday, March 26, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company and its research and development efforts for the year ended December 31, 2023. Financial results will be issued in a press release before the call.Event: Forza X1, Inc. Year End 2023 Financial Results Conference CallDate: Tuesday, March 26, 2024Time: 10:00 a.m. Eastern TimeLive Call and Q&A: Toll Free: 1-877-407-4018Toll/International: 1-201-689-8471Conference ID: 13745200Audio Webcast: LINK HERE (Partic

FORT PIERCE, FL / ACCESSWIRE / November 13, 2023 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for the third quarter of fiscal year 2023.The Company is pleased to report an 8% increase in consolidated net revenue for the nine months ended September 30, 2023, to $24,980,902 as compared to $23,217,634 in the same period in 2022. For the nine months ended September 30, 2023, Twin Vee alone had a net operating loss of $512,466, as compared to a net loss of $341,344 in the prior year. The Twin Vee operating loss is stated before c

FORT PIERCE, FL / ACCESSWIRE / November 6, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza" or the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, today reported operational highlights and financial results for the third quarter of fiscal 2023."We intend to be among the first to develop and manufacture electric boats targeting the recreational market," said Jim Leffew, Chief Executive Officer and President of Forza X1, Inc. "We are focused on the creation and implementation of marine electric vehicle ("EV") technology to control and power our electric boats utilizing our proprietary outboard electric motor. Our electric boats are being designe

FORT PIERCE, FL / ACCESSWIRE / October 30, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Monday, November 6, 2023, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's R&D, prototyping, and testing efforts for the third quarter of 2023. Financial results will be issued in a press release before the call.Event: Forza X1, Inc. Third Quarter 2023 Financial Results Conference CallDate: Monday, November 6, 2023Time: 10:00 a.m. Eastern TimeLive Call and Q&A: Toll Free: 1-877-407-4018Toll/International: 1-201-689-8471Co