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Forza X1 Priced, Nasdaq: FRZA

Fully electric boat developer being spun out of Twin Vee PowerCats.

Industry: Consumer Discretionary

Latest Trade: $6.28 0.00 (0.0%)

First Day Return: +49.8%

Return from IPO: +25.6%

Industry: Consumer Discretionary

Forza X1, Inc. (“Forza X1” “we” “us” or the “Company”), aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Our mission is to inspire the adoption of sustainable recreational boating by mass producing stylish electric sport boats. We are focused on the creation and implementation of marine electric vehicle (“EV”) technology to control and power our electric boats utilizing our proprietary outboard electric motor. We believe we are one of the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. Our initial two models, the FX1 Dual Console and FX1 Center Console, are being designed to be 24-foot in length, have an 8’ beam or width and utilize a catamaran hull surface to reduce drag and increase run times. The initial launch of FX1 will include our proprietary single electric outboard motor. Both FX1 models will have advanced high-powered, liquid-cooled battery packs and a vehicle control unit with proprietary control software all integrated into a 22” master control touch screen that will be used to control most functions of the boat. We have also filed three design and two utility patent applications with the U.S. Patent and Trademark Office relating to, among other things, our propulsion system being developed and boat design.
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IPO News for Forza X1
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IPO Data
IPO File Date 12/23/2021
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 3.0
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/11/2022
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 3.0
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Fort Pierce, FL
Founded 2021
Employees 9
Website www.forzax1.com