Forza X1 races higher after OneWater Marine deal
18/08/2022 15:44
** Shares of electric sports boat developer Forza X1 Inc
FRZA.O up 10.5% at $7.43 after partnership with OneWater
Marine Inc ONEW.O
** FRZA jumps as much as 24.8% to $8.40 early Thurs
** Both cos announce distribution agreement to provide
customers with multi-channel option to design, order, finance,
and track FRZA boat purchase, either through FRZA's web and app
platform or ONEW' kiosks at its 96 retail locations urn:newsml:reuters.com:*:nGNXdvDKf
** Customers can also engage with sales representatives,
take test rides and pursue trade-in opportunities, which stands
to benefit ONEW's pre-owned boat inventory, cos say
** ONEW shares up 0.2% on the session
** FRZA's shares traded as high as $15 in debut last week in
meme-stock-like rally after IPO for the Twin Vee PowerCats
VEEE.O spinout priced at $5 urn:newsml:reuters.com:*:nL1N2ZO1NE urn:newsml:reuters.com:*:nL1N2ZR0XA
** VEEE's stock down 2.6% on Thurs
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))