Twin Vee PowerCats Moves Corporate Registration to Nevada to Cut Costs
Fort Pierce, Monday, 13 April 2026.
Boat manufacturer Twin Vee PowerCats relocated its corporate registration to Nevada. This strategic move eliminates its Delaware franchise tax burden, promising long-term cost savings and enhanced operational flexibility.
Strategic Shift for Financial Efficiency
Twin Vee PowerCats Co., trading on the Nasdaq under the ticker symbol VEEE, officially finalized its reincorporation from Delaware to Nevada today, April 13, 2026 [1]. Stockholders originally approved this strategic transition during the company’s annual meeting in November 2025 [1]. According to Joseph Visconti, the CEO and President of Twin Vee PowerCats, the shift provides the company’s management and Board of Directors with clearer legal frameworks [1]. He noted that removing the ambiguity often associated with judicial interpretations in Delaware will allow the company to better navigate its planned growth and future strategic decisions [1].
Maintaining Course: Operations and Market Position
Despite the change in corporate domicile, Twin Vee PowerCats will maintain its established physical footprint [1]. Visconti emphasized that the reincorporation will not disrupt daily operations, nor will it alter the company’s business model or its headquarters in Fort Pierce, Florida [1][2]. The manufacturer has been building and selling power sport boats for three decades, operating under well-known brands such as Twin Vee, Bahama Boat Works, and the Electra Power Sports line [1][2].