BRIEF-Forza X1 Inc Says Intends To Explore Strategic Alternatives, Including A Potential Merger With Twin Vee Powercats Co-June 2024-www.financetom.com

BRIEF-Forza X1 Inc Says Intends To Explore Strategic Alternatives, Including A Potential Merger With Twin Vee Powercats Co

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BRIEF-Forza X1 Inc Says Intends To Explore Strategic Alternatives, Including A Potential Merger With Twin Vee Powercats Co

Jul 12, 2024 1:54 PM

July 12 (Reuters) - Forza X1 Inc ( FRZA ):

* FORZA X1 INC ( FRZA ) - INTENDS TO EXPLORE STRATEGIC ALTERNATIVES,

INCLUDING A POTENTIAL MERGER WITH TWIN VEE POWERCATS CO

* FORZA X1 INC ( FRZA ) - COMPANY CONTINUES TO OPTIMIZE ITS

WORKFORCE TO

ALIGN WITH CURRENT PRODUCTION NEEDS

* FORZA X1 INC ( FRZA ) - TO WIND DOWN BUSINESS RELATED TO

DEVELOPMENT &

SALE OF ELECTRIC BOATS UTILIZING ITS PROPRIETARY OUTBOARD

ELECTRIC MOTOR

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