Why is Twin Vee Powercats stock rallying 6% today?
Twin Vee Powercats Co. (VEEE) stock rose 6.6% in pre-market trading to $9.60, driven by investor enthusiasm around its amended merger agreement with USFM Corporation. The revised deal changes the equity split and includes a $5 million financing requirement. The transaction is expected to close in Q4 2026 or Q1 2027, with Twin Vee spinning off its marine assets. This gain occurred despite a broader market decline in pre-market trading.

