Twin Vee PowerCats Co. (NASDAQ:VEEE) shares are up on Thursday as the company is moving forward with a merger with USFM Corporation.
USFM Corporation is a privately held U.S.-based mineral exploration company focused on advancing critical mineral projects, including the Disko-Nuussuaq Project in Greenland.
This significant development comes as USFM advances its 2026 exploration program at the Disko-Nuussuaq Project, which is seen as a promising opportunity for both companies.
Merger With USFM: Key Details
As part of the transaction, Twin Vee’s recreational marine segment, which includes the Twin Vee and Bahama Boat Works brands, will be carved out into a privately owned entity before completion of the deal.
