Brief: Forza X1 Inc Says Intends To Explore Strategic Alternatives, Including A Potential Merger With Twin Vee Powercats Co
12/07/2024 21:42
July 12 (Reuters) - Forza X1 Inc FRZA.O :
* FORZA X1 INC - INTENDS TO EXPLORE STRATEGIC ALTERNATIVES,
INCLUDING A POTENTIAL MERGER WITH TWIN VEE POWERCATS CO
* FORZA X1 INC - COMPANY CONTINUES TO OPTIMIZE ITS
WORKFORCE TO
ALIGN WITH CURRENT PRODUCTION NEEDS
* FORZA X1 INC - TO WIND DOWN BUSINESS RELATED TO
DEVELOPMENT &
SALE OF ELECTRIC BOATS UTILIZING ITS PROPRIETARY OUTBOARD
ELECTRIC MOTOR
Source text for Eikon: ID:n0001731122-24-001100
Further company coverage: FRZA.O
((Reuters.Briefs@thomsonreuters.com;))
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