Twin Vee PowerCats Co. (NASDAQ:VEEE) stock climbed nearly 12% in Friday’s premarket trading as investors continued to react to the company’s planned merger with USFM Corp., even as broader markets weakened. S&P 500 futures were down 0.8% before the opening bell.
Merger Drives Investor Interest
The stock closed 36.07% higher in the previous session, extending its recent rally.
Twin Vee and USFM have signed a merger agreement, and both companies’ boards have approved the transaction. The companies expect to close the deal in the third quarter of 2026, subject to shareholder and regulatory approvals.
USFM’s Critical Minerals Strategy
