Twin Vee's Collapse Is DESTROYING American Boaters!

Subscribe! https://www.youtube.com/channel/UCl40MDImtmCtsC1S_M1RNXA?sub_confirmation=1 Affiliate Disclosure: Some of the links below are affiliate links. If you purchase through them, you support the channel at no additional cost to you. Resources & Links This Old Boat, Second Edition (Don Casey) 🛒 Amazon US: https://www.amazon.com/dp/0071477942?tag=cycleworth-20 Boatowner's Mechanical and Electrical Manual (Nigel Calder) 🛒 Amazon US: https://www.amazon.com/dp/0071432388?tag=cycleworth-20 Chapman Piloting & Seamanship, 70th Edition 🛒 Amazon US: https://www.amazon.com/dp/195839551X?tag=cycleworth-20 Suzuki 90-140 HP Water Pump Impeller Kit 17400-90J20 🛒 Amazon US: https://www.amazon.com/dp/B072PQRD1G?tag=cycleworth-20 Yamaha V6 Outboard Water Pump Repair Kit 61A-W0078-01 🛒 Amazon US: https://www.amazon.com/dp/B0721K279R?tag=cycleworth-20 Sierra 18-7866 10 Micron Fuel Water Separator Filter 🛒 Amazon US: https://www.amazon.com/dp/B000N9I500?tag=cycleworth-20 Dual-Flow Outboard Motor Flush Muffs 🛒 Amazon US: https://www.amazon.com/dp/B09PRRBDBH?tag=cycleworth-20 General Tools MMH800 Pin/Pinless Moisture Meter 🛒 Amazon US: https://www.amazon.com/dp/B00563TQFG?tag=cycleworth-20 HONTOM Waterproof Boat Document Holder 🛒 Amazon US: https://www.amazon.com/dp/B0H5CFY8MB?tag=cycleworth-20 Weems & Plath The Maintenance Log 🛒 Amazon US: https://www.amazon.com/dp/B000IMT34E?tag=cycleworth-20 Used Twin Vee catamaran parts and accessories 🔍 eBay (Best Deals): https://www.ebay.com/sch/i.html?_nkw=Twin+Vee+catamaran+parts&mkevt=1&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339196185&toolid=10001&customid=legacyboats Twin Vee PowerCats' sales fell 57% in one year, from $33.4 million in 2023 to $14.4 million in 2024, and the losses never stopped. In July 2026 the Fort Pierce catamaran builder agreed to merge its Nasdaq listing with USFM, a Greenland mineral explorer, while the Twin Vee and Bahama Boat Works boat business moves into a private trust. We go from Roger Dunshee's 1994 power cats to two IPOs, Forza X1, Aquasport and White Bluff, two reverse splits and the going concern warning, then what it means for owners and dealers: warranty, parts, resale and floor plan buybacks. Do you own a Twin Vee? Tell us the model, the year and whether your dealer still answers the phone. Chapters: 0:00 Sales down 57% and a Greenland merger 3:26 What "collapse" really means at Twin Vee 4:11 1994: Roger Dunshee and the Fort Pierce power cat 6:21 Two IPOs: Twin Vee and Forza X1 8:25 Aquasport and the White Bluff plant 10:44 2024: sales fall 57% and dealers drown in inventory 13:50 2025: survival, Bahama Boat Works and the Marion sale 16:33 2026: Nasdaq, two reverse splits and a going concern warning 19:19 The USFM deal: boats into a private trust 21:40 Warranty, parts, resale and dealers: what to do now Sources: Twin Vee PowerCats — USFM and Twin Vee Amend Merger Agreement — https://ir.twinvee.com/news-events/press-releases/detail/191/usfm-and-twin-vee-amend-merger-agreement Newswire — Twin Vee PowerCats Co. Reports 2025 Financial Results — https://www.newswire.com/news/twin-vee-powercats-co-reports-2025-financial-results SEC — Twin Vee PowerCats Form 8-K, Nasdaq notice of April 2, 2026 — https://www.sec.gov/Archives/edgar/data/1855509/000173112226000530/e7524_8k.htm SEC — Twin Vee PowerCats Q3 2023 results and White Bluff closure — https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/e5210_ex99-1.htm Soundings Trade Only — A love affair with power cats — https://tradeonlytoday.com/post-type-feature/a-love-affair-with-power-cats/ Marine Industry News — Twin Vee stocks soar after merger separates marine business Boatblurb — Twin Vee to Privatize Boatbuilding Business in Merger With USFM Twin Vee PowerCats — Proxy statement for the September 8, 2026 special meeting Renaissance Capital — Catamaran boat maker Twin Vee PowerCats prices upsized IPO at $6 Marine Industry News — Twin Vee sells former Forza X1 site for $4.25m Write to me: legacyboats@proton.me This channel is made by a boating enthusiast, not a marine professional. I'm not a licensed surveyor, broker, marine mechanic, naval architect, financial advisor, or insurance agent, and nothing here is professional advice. All content is for entertainment and general-interest purposes only. Boat histories, prices, specifications, and opinions are based on publicly available sources and my own research, and may contain errors, omissions, or out-of-date information. Prices and values vary widely by location, condition, and time. Brand names, models, and trademarks belong to their respective owners and are referenced only for commentary, education, and historical discussion. Before buying, selling, restoring, insuring, or operating any boat, always do your own research and consult a qualified professional.