Twin Vee PowerCats (VEEE) Proxy filing summary

Executive summary

• Special Meeting called to ratify a 1-for-37 reverse stock split, approve a corporate name change, and allow adjournment if more votes are needed.

• Ratification of the reverse stock split is necessary due to a previously invalid reincorporation to Nevada and subsequent defective stock split.

• Name change to Twin Vee Bahama Co. reflects the strategic acquisition of Bahama Boat Works and aligns with updated branding.

• Board recommends voting FOR all proposals to ensure legal compliance and support future strategic transactions.

Voting matters and shareholder proposals

• Three proposals: ratification of the reverse stock split, approval of the name change, and adjournment if needed.

• Failure to ratify the stock split could expose the company to legal claims, affect Nasdaq listing, and jeopardize future transactions.

• Only shareholders of record as of August 10, 2026, may vote; 574,502 shares outstanding, with 561,689 eligible to vote.

• Board recommends FOR all proposals; abstentions have no effect on Proposal 1, but count as AGAINST for Proposals 2 and 3.

Board of directors and corporate governance

• Board discovered the reincorporation error and took corrective action, including bylaw amendment to reduce quorum to 1/3 of shares.

• Board resolutions authorize all necessary filings and actions to correct and ratify prior defective acts.

• Board may abandon ratification at any time before validation effective time.