What's Going on With Twin Vee PowerCats Stock Thursday? - Twin Vee PowerCats (NASDAQ:VEEE)

Twin Vee PowerCats stock movement on Thursday was linked to a reported merger framework involving USFM Corporation’s mineral projects. The article describes USFM as a privately held U.S.-based mineral exploration firm advancing critical-mineral work, including the Disko-Nuussuaq Project in Greenland, and says Twin Vee’s 2026 exploration program alignment is expected to create opportunities for both parties. Under the proposed transaction, Twin Vee’s recreational marine segment—including the Twin Vee and Bahama Boat Works brands—would be carved into a privately owned entity before the deal closes. Current Twin Vee shareholders would receive non-transferable contingent value rights (CVRs) tied to future proceeds from the separated business. The merger agreement was approved by both boards and is expected to close in the third quarter of 2026, pending shareholder and regulatory approvals. At publication, VEEE shares were up 56.00% to $41.48. The piece also cites a Benzinga Edge momentum score of 85.52 as “bullish.”