Forza X1, Inc. (Nasdaq - FRZA)

Forza X1, Inc. (Nasdaq – FRZA)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Forza X1, Inc. (Nasdaq – FRZA)

BALA CYNWYD – September 9, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Forza X1, Inc. (“Forza X1” or the “Company”) (Nasdaq – FRZA) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the proposed sale of the Company to Twin Vee PowerCats Co. (“Twin Vee”) (Nasdaq -VEEE). Under the terms of the agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock. On closing, holders of Twin Vee and Forza would beneficially own approximately 64% and 36%, respectively, of the outstanding shares of Twin Vee Common Stock.

The investigation concerns whether the Forza X1 Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Twin Vee is paying fair value to shareholders of the Company.

If you own shares of Forza X1 stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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