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USFM Corporation and Twin Vee PowerCats Co. Amend Merger Agreement

ACCESSWIRE +1 ·

VEEE
VEEE Twin Vee PowerCats Co
$10.35 -1.24%
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  1. 1USFM Corporation and Twin Vee PowerCats Co. have amended their merger agreement.
  2. 2The amended merger agreement reflects a post-merger stock split ratio of 93% for existing USFM shareholders and 7% for existing Twin Vee shareholders.
  3. 3The transaction is expected to close in the fourth quarter of 2026 or the first quarter of 2027, subject to the satisfaction of closing conditions.

So what's the key point?

USFM Corporation and Twin Vee PowerCats Co. have changed the terms of their merger agreement. They have set the stock ownership ratios after the merger and plan to complete the deal around the fourth quarter of 2026.

Source ACCESSWIRE +1 · View original ↗

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