Forza X1, INC

Forza X1 has completed its merger with Twin Vee, becoming a wholly-owned subsidiary and ceasing to trade on the Nasdaq.

Forza X1 has decided to discontinue its electric boat development and merge with its parent company, Twin Vee PowerCats Co., following a challenging period of slow market adoption and financial losses.

Director Marcia Kull of Forza X1, Inc. reports the disposal of shares and adjustment of stock options following the merger with Twin Vee PowerCats Co.

Director Neil Ross disposed of Forza X1 shares and options as part of the merger with Twin Vee PowerCats Co., receiving Twin Vee shares and options in exchange.

Director Kevin Schuyler disposed of 100,000 Forza X1 shares due to a merger and received options to purchase Twin Vee stock.

Forza X1 CEO Joseph Visconti reports the disposal of common stock and conversion of stock options following the merger with Twin Vee PowerCats Co.

Michael Dickerson, Interim CFAO of Forza X1, Inc., disposed of 50,000 shares of common stock due to the merger with Twin Vee PowerCats Co.