Our Commitment
While our corporate structure is changing, our commitment is not.
We remain dedicated to building exceptional boats, supporting our customers and dealers, honoring our commitments to our vendors and financial partners, and continuing the relationships that have made Twin Vee successful. We appreciate your trust and look forward to building the next chapter of Twin Vee together.
Frequently Asked Questions
The Company is pursuing a transaction that is expected to transition Twin Vee from a publicly traded company to a privately owned business. We believe operating as a private company will reduce the costs and administrative burden associated with maintaining a public listing, allowing us to focus more resources on our products, customers, dealers, employees, and long-term growth.
Yes. Manufacturing, sales, customer service, warranty support, parts, and day-to-day operations will continue as normal throughout the transition process.
The operating business is expected to continue under the leadership of the current management team, providing continuity for our dealers, customers, vendors, and financial partners.
Yes. Existing purchase orders, production schedules, and customer commitments will continue to be honored in the ordinary course of business unless you are notified otherwise.
Yes. Twin Vee intends to continue providing warranty support and customer service consistent with its ongoing business operations.
Certain contracts, agreements, and credit arrangements may need to be assigned, assumed, amended, or replaced as part of the transition. Our team will contact you directly if any action is required on your part.
Yes. The new operating company is expected to have a new Federal Employer Identification Number (FEIN) and related corporate documentation. Updated information, including W-9 forms and banking instructions, will be provided before any changes become effective.
If payment instructions change following the closing, we will notify you through official company representatives and provide all necessary documentation before any payments should be redirected. We encourage all business partners to verify any banking changes directly with our finance department to protect against fraud.
Possibly. Many vendors, financial institutions, insurance providers, and dealers require new account applications or updated documentation when a new legal entity is formed. We appreciate your cooperation and will work with you to complete any required paperwork as quickly as possible.
No. Your existing sales, customer service, purchasing, finance, and management contacts are expected to remain the same unless otherwise communicated.
Our objective is a seamless transition with no interruption to production, deliveries, customer support, or business operations.
Operating as a private company is expected to:
Reduce public company compliance and reporting costs.
Lower administrative overhead.
Increase operational flexibility.
Allow management to make faster long-term decisions.
Invest more resources into product development, manufacturing, customer service, and dealer support.
Please contact your existing Twin Vee representative or reach out to our management team. We are committed to making this transition as smooth and transparent as possible and will be happy to assist with any questions or documentation requirements.
