Twin Vee PowerCats Co. Amends License and Conditional Sale Agreement

SEC Filing 8-K (0001731122-25-001060)

On July 28, 2025, Twin Vee PowerCats Co. (the 'Company') and its wholly owned subsidiary, Wizz Banger, Inc., entered into a First Amendment to the License and Conditional Sale Agreement with Revver Digital, LLC. The amendment modifies the definition of 'Foreground Intellectual Property,' assigns the agreement to Wizz Banger, and includes a guaranty by the Company for Wizz Banger's obligations. The original agreement, effective February 4, 2025, grants the Company the right to acquire intellectual property related to online marketplace services for yachts and boats. The amendment ensures that Wizz Banger assumes all rights and obligations under the agreement, with the Company providing a guaranty for Wizz Banger's liabilities. The amendment is effective as of July 14, 2025.