Forza X1
FRZA

$0.2436

1.58%

Market Cap: $3.84M

About: Forza X1 Inc develops and manufactures fully electric, affordable boats with mass appeal. The company is focused on the creation, implementation, and sale of electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. its electric boats are being designed as fully integrated electric boats including the hull, outboard motor, and control system. Its initial two models, the FX1 Dual Console and FX1 Center Console are being designed to be 24 feet in length, have an 8' beam or width, and utilize a catamaran hull surface to reduce drag and increase run times.

Employees: 5

Industrials Ship & Boat Building & Repairing

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1.75% less ownership

Funds ownership: 2.74% [Q1] → 0.99% (-1.75%) [Q2]

22% less funds holding

Funds holding: 9 [Q1] → 7 (-2) [Q2]

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

70% less capital invested

Capital invested by funds: $206K [Q1] → $62.1K (-$144K) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for FRZA.

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Financial journalist opinion

Based on 3 articles about FRZA published over the past 30 days

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FRZA and CFB on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / September 6, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Forza X1, Inc. (NASDAQ:FRZA)'s sale to Twin Vee PowerCats Co. for 0.61166627 shares of Twin Vee common stock for each share of Forza common stock. Upon closing of the proposed transaction, Forza shareholders would own approximately 36% of the combined company.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FRZA and CFB on Behalf of Shareholders

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Forza X1, Inc. – FRZA

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Forza X1, Inc. ( Nasdaq: FRZA ), relating to its proposed merger with Twin Vee Powercats Co. Under the terms of the agreement, Forza shareholders are expected to receive 0.61166627 shares of Twin Vee per share of Forza they own.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Forza X1, Inc. – FRZA

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Forza X1, Inc. - FRZA

NEW YORK , Sept. 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Forza X1, Inc. - FRZA

FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Forza X1, Inc. (NasdaqCM: FRZA) to Twin Vee PowerCats Co. (NasdaqCM: VEEE). Under the terms of the proposed transaction, shareholders of Forza will receive 0.61166627 shares of Twin Vee for each share of Forza that they own. Upon closing of the proposed transaction, Forza shareholders would own approximately 3.

FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA

Twin Vee PowerCats Co. Reports Second Quarter 2024 Results of Operations

FORT PIERCE, FL / ACCESSWIRE / August 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), manufactures Twin Vee PowerCats and AquaSport boats knows as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida today reported operational highlights and financial results for three months ended June 30, 2024. Highlights for three months ended June 30, 2024: (Unless otherwise noted, all comparisons are to the three months ended June 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Twin Vee experienced a decline in demand for its products due to higher interest rates and slowing economic demand for recreational vehicles Proactive measures were taken to mitigate slowing demand challenges, including lowering production numbers, tightened financial controls, and a reduction in workforce.

Twin Vee PowerCats Co. Reports Second Quarter 2024 Results of Operations

FRZA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Forza X1, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Forza X1, Inc. (NASDAQ: FRZA) to Twin Vee PowerCats Co. for 0.61166627 shares of Twin Vee common stock for each share of Forza common stock is fair to Forza shareholders. Upon closing of the proposed transaction, Forza shareholders would own approximately 36% of the combined company. Halper Sadeh encourages Forza shareholders to click here to learn more about their legal rights and opt.

FRZA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Forza X1, Inc. Is Fair to Shareholders

Safe Staff, Safe Schools: School Support Staff Release Worker-Led Report on Violence in Nova Scotia Public Schools

HALIFAX-KJIPUKTUK, Nova Scotia--(BUSINESS WIRE)--Members of the Nova Scotia School Board Council of Unions will present “Safe Staff, Safe Schools: A worker-led review of violence in Nova Scotia's public schools,” a new report on the topic of violence in public schools, at a public press conference this Thursday. Following the launch of a new campaign focused on addressing the safety of staff and students in public schools across Nova Scotia, school support staff will speak to media on this issu.

Safe Staff, Safe Schools: School Support Staff Release Worker-Led Report on Violence in Nova Scotia Public Schools

Forza X1, Inc. Suspends Second Quarter 2024 Financial Results Call Due to Announcement of Merger Agreement with Twin Vee PowerCats Co.

Investors Encouraged to Attend Twin Vee's Earnings Call on August 14 at 4:00 pm EDT FORT PIERCE, FL / ACCESSWIRE / August 13, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats stated today that, in light of the Merger Agreement between Forza and Twin Vee PowerCats Co. (NASDAQ:VEEE) that was announced yesterday afternoon via 8-K, its conference call and audio webcast originally scheduled for Wednesday, August 14, 2024, at 2:00 p.m. (Eastern Time) will no longer be taking place.

Forza X1, Inc. Suspends Second Quarter 2024 Financial Results Call Due to Announcement of Merger Agreement with Twin Vee PowerCats Co.

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

FORT PIERCE, FL / ACCESSWIRE / August 12, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee") and Forza X1, Inc. (Nasdaq:FRZA) ("Forza"), today jointly announced that they have entered into a definitive merger agreement for an all-stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger. Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractional shares will be issued) and the 7,000,000 shares of Forza Common Stock held by Twin Vee will be canceled.

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

FORT PIERCE, FL / ACCESSWIRE / August 12, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee") and Forza X1, Inc. (Nasdaq:FRZA) ("Forza") today jointly announced that they have entered into a definitive merger agreement for an all stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger. Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractional shares will be issued) and the 7,000,000 shares of Forza Common Stock held by Twin Vee will be canceled.

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

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