BRIEF-Forza X1 Inc Says Intends To Explore Strategic Alternatives, Including A Potential Merger With Twin Vee Powercats Co

Reuters07-13

July 12 (Reuters) - Forza X1 Inc :

* 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: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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