Twin Vee PowerCats Co. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Twin Vee PowerCats, a manufacturer and distributor of power sport boats, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received official notification from Nasdaq's Listings Qualifications Department on April 28, 2025.
The compliance was achieved after the company's common stock maintained a closing bid price of $1.00 or higher for 13 consecutive business days, from April 8 through April 25, 2025. This development confirms Twin Vee's continued listing on the Nasdaq Capital Market under Listing Rule 5550(a)(2).
CEO and President Joseph Visconti expressed satisfaction with resolving the Nasdaq listing matter, emphasizing that maintaining their Nasdaq listing was a priority. The company can now focus entirely on executing its business strategy and creating long-term value for investors.
Twin Vee PowerCats, produttore e distributore di barche sportive a motore, ha riconquistato con successo la conformità al requisito minimo di prezzo di offerta di Nasdaq. La società ha ricevuto la notifica ufficiale dal Dipartimento di Qualifica delle Quotazioni di Nasdaq il 28 aprile 2025.
La conformità è stata raggiunta dopo che il prezzo di chiusura delle azioni ordinarie della società ha mantenuto un prezzo di offerta di 1,00$ o superiore per 13 giorni lavorativi consecutivi, dall'8 al 25 aprile 2025. Questo sviluppo conferma la permanenza di Twin Vee nella Nasdaq Capital Market secondo la Regola di Quotazione 5550(a)(2).
Il CEO e Presidente Joseph Visconti ha espresso soddisfazione per la risoluzione della questione relativa alla quotazione Nasdaq, sottolineando che mantenere la quotazione era una priorità. Ora la società può concentrarsi completamente sull'esecuzione della propria strategia aziendale e sulla creazione di valore a lungo termine per gli investitori.
Twin Vee PowerCats, fabricante y distribuidor de barcos deportivos a motor, ha recuperado con éxito el cumplimiento del requisito mínimo de precio de oferta de Nasdaq. La compañía recibió la notificación oficial del Departamento de Calificación de Listados de Nasdaq el 28 de abril de 2025.
El cumplimiento se logró después de que las acciones ordinarias de la empresa mantuvieran un precio de oferta de 1,00$ o más durante 13 días hábiles consecutivos, desde el 8 hasta el 25 de abril de 2025. Este desarrollo confirma la continuidad de Twin Vee en el Nasdaq Capital Market bajo la Regla de Listado 5550(a)(2).
El CEO y presidente Joseph Visconti expresó su satisfacción por resolver el asunto de la cotización en Nasdaq, enfatizando que mantener la cotización era una prioridad. Ahora la empresa puede enfocarse completamente en ejecutar su estrategia comercial y crear valor a largo plazo para los inversores.
Twin Vee PowerCats는 동력 스포츠 보트 제조 및 유통업체로서, 나스닥 최소 입찰가 요건을 성공적으로 충족하였습니다. 회사는 2025년 4월 28일 나스닥 상장 자격 부서로부터 공식 통지를 받았습니다.
회사의 보통주가 2025년 4월 8일부터 4월 25일까지 13거래일 연속으로 1.00달러 이상의 종가를 유지한 후 준수가 이루어졌습니다. 이로써 Twin Vee는 나스닥 캐피탈 마켓의 상장 규칙 5550(a)(2)에 따라 계속 상장됨을 확인했습니다.
CEO 겸 사장 Joseph Visconti는 나스닥 상장 문제 해결에 만족감을 표하며, 나스닥 상장 유지가 우선순위였다고 강조했습니다. 회사는 이제 사업 전략 실행과 투자자들을 위한 장기 가치 창출에 전념할 수 있게 되었습니다.
Twin Vee PowerCats, fabricant et distributeur de bateaux de sport motorisés, a réussi à se conformer à nouveau à l'exigence minimale de prix d'offre du Nasdaq. La société a reçu une notification officielle du département des qualifications des cotations du Nasdaq le 28 avril 2025.
La conformité a été atteinte après que l'action ordinaire de la société ait maintenu un prix de clôture d'1,00 $ ou plus pendant 13 jours ouvrables consécutifs, du 8 au 25 avril 2025. Ce développement confirme la poursuite de la cotation de Twin Vee sur le Nasdaq Capital Market conformément à la règle de cotation 5550(a)(2).
Le PDG et président Joseph Visconti a exprimé sa satisfaction quant à la résolution de cette question de cotation Nasdaq, soulignant que le maintien de leur cotation Nasdaq était une priorité. La société peut désormais se concentrer entièrement sur l'exécution de sa stratégie commerciale et la création de valeur à long terme pour les investisseurs.
Twin Vee PowerCats, ein Hersteller und Vertreiber von Sportbooten mit Motor, hat erfolgreich die Einhaltung der Mindestgebotspreisanforderung von Nasdaq wiedererlangt. Das Unternehmen erhielt am 28. April 2025 eine offizielle Mitteilung von der Listings Qualifications Abteilung der Nasdaq.
Die Einhaltung wurde erreicht, nachdem der Schlusskurs der Stammaktien des Unternehmens für 13 aufeinanderfolgende Handelstage, vom 8. bis 25. April 2025, einen Gebotspreis von 1,00 USD oder höher gehalten hatte. Diese Entwicklung bestätigt die fortgesetzte Notierung von Twin Vee am Nasdaq Capital Market gemäß der Listing-Regel 5550(a)(2).
CEO und Präsident Joseph Visconti äußerte Zufriedenheit über die Lösung der Nasdaq-Notierungsangelegenheit und betonte, dass die Aufrechterhaltung der Nasdaq-Notierung Priorität hatte. Das Unternehmen kann sich nun vollständig auf die Umsetzung seiner Geschäftsstrategie und die Schaffung langfristigen Werts für die Investoren konzentrieren.
- Regained Nasdaq compliance by maintaining $1.00+ share price for 13 consecutive trading days
- Successfully resolved listing compliance issue, removing risk of potential delisting
- Company can now fully focus on business strategy execution
- Recent history of share price falling below $1.00, indicating previous market weakness
- Required compliance monitoring period suggests previous financial/market challenges
Insights
Twin Vee PowerCats regained Nasdaq compliance by maintaining $1.00+ share price for 13 consecutive days, removing delisting risk and stabilizing investor access.
Twin Vee PowerCats has successfully resolved a critical regulatory challenge by regaining compliance with Nasdaq's minimum bid price requirement. The company's shares maintained the crucial $1.00 threshold for 13 consecutive business days (April 8-25, 2025), satisfying Listing Rule 5550(a)(2) requirements and effectively removing the delisting threat.
This regulatory milestone eliminates a significant market structure risk that would have severely impacted existing shareholders. Had delisting occurred, consequences would have included reduced trading liquidity, diminished institutional investor access, and potential forced selling from funds mandated to hold only exchange-listed securities.
Nasdaq's confirmation that "the matter is now closed" provides regulatory certainty that stabilizes Twin Vee's capital markets position. The CEO's statement about maintaining Nasdaq listing being a "priority" indicates management recognized the existential importance of this issue to shareholder value preservation.
For smaller-capitalization companies like Twin Vee, maintaining major exchange listing status is particularly vital as it preserves market accessibility, trading infrastructure, and investor visibility—all of which directly impact valuation multiples and capital-raising capabilities. This resolution allows management to redirect their complete focus toward core business execution in the competitive power sport boat manufacturing industry.
FORT PIERCE, FL / ACCESS Newswire / April 30, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it received written notification on April 28, 2025 from the Listings Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
Twin Vee was informed that for 13 consecutive business days, from April 8, 2025 through April 25, 2025, the closing bid price of the Company's common stock has been
"We are very pleased to have resolved this Nasdaq listing matter and regained compliance," stated Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "Maintaining our listing on Nasdaq was a priority for us. This confirmation allows us to focus all of our full attention on executing our business strategy and building long-term value for our investors."
About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures a range of boats designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years. Learn more at twinvee.com.
Visit Twin Vee PowerCats Co. on Facebook, Instagram, and YouTube.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding executing the Company's business strategy and building long-term value for investors. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to execute its business strategy, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
Glenn Sonoda
investor@twinvee.com
SOURCE: Twin Vee PowerCats Co.
View the original press release on ACCESS Newswire
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