# EDGAR Filing Document

**Accession Number:** 0001855509
**File Stem:** 0001731122-23-000185
**Filing Date:** 2023-2
**Character Count:** 17765
**Document Hash:** bfdd335fdcd8fee8be38a6334b2fb7f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001731122-23-000185.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001731122-23-000185

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**GROUP MEMBERS**: JOSEPH C. VISCONTI

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Forza X1, Inc.
- **CENTRAL INDEX KEY:** 0001901305
- **STANDARD INDUSTRIAL CLASSIFICATION:** SHIP & BOAT BUILDING & REPAIRING [3730]
- **IRS NUMBER:** 873159685
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93738
- **FILM NUMBER:** 23611775

**BUSINESS ADDRESS:**
- **STREET 1:** 3101 S. US-1
- **CITY:** FT. PIERCE
- **STATE:** FL
- **ZIP:** 34982
- **BUSINESS PHONE:** 772-202-8039

**MAIL ADDRESS:**
- **STREET 1:** 3101 S. US-1
- **CITY:** FT. PIERCE
- **STATE:** FL
- **ZIP:** 34982
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Twin Vee PowerCats, Co.
- **CENTRAL INDEX KEY:** 0001855509
- **STANDARD INDUSTRIAL CLASSIFICATION:** SHIP & BOAT BUILDING & REPAIRING [3730]
- **IRS NUMBER:** 271417610
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 3101 S. FEDERAL HIGHWAY
- **CITY:** FT. PIERCE
- **STATE:** FL
- **ZIP:** 34982
- **BUSINESS PHONE:** 772-429-2525

**MAIL ADDRESS:**
- **STREET 1:** 3101 S. FEDERAL HIGHWAY
- **CITY:** FT. PIERCE
- **STATE:** FL
- **ZIP:** 34982

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

 **Washington, D.C. 20549**

**SCHEDULE 13G**

 **Under the Securities Exchange Act of 1934**

 **(Amendment No. 1)\***

**Forza X1, Inc.**

**(Name of Issuer)**

**Common Stock, $0.001 par value per share**

 **(Title of Class of Securities)**

**34988N 104**

 **(CUSIP Number)**

**Joseph C. Visconti**

**c/o Forza X1, Inc.**

**3101 S. US-1**

**Ft. Pierce, Florida 34982**

**(772) 429-2525**

**(Name, address and telephone number of person authorized to receive notices and communications)**

**With a copy to:**

**Leslie Marlow, Esq.**

 **Blank Rome LLP**

**1271 Avenue of the Americas**

**New York, New York 10020**

**(212) 885-5000**

**December 31, 2023**

**(Date of event which requires filing of this statement)**

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

---

| | | |
|:---|:---|:---|
| **CUSIP No. 34988N 104** | SCHEDULE 13G | Page 2 of 7 Pages |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **1** | NAME OF REPORTING PERSONS<br>Twin Vee PowerCats Co. | NAME OF REPORTING PERSONS<br>Twin Vee PowerCats Co. |
| &nbsp;&nbsp;&nbsp; **2** | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>(a) ☐ (b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; **3** | SEC USE ONLY | SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; **4** | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware |
| NUMBER OF<br> SHARES<br>BENEFICIALLY<br> OWNED BY<br>EACH<br> REPORTING<br>PERSON<br> WITH | **5** | SOLE VOTING POWER<br>5,285,000 |
|  | **6** | SHARED VOTING POWER<br>1,715,000 shares of Common Stock |
|  | **7** | SOLE DISPOSITIVE POWER<br>5,285,000 shares of Common Stock |
|  | **8** | SHARED DISPOSITIVE POWER<br>1,715,000 shares of Common Stock |
| &nbsp;&nbsp;&nbsp;**9** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>7,000,000 shares of Common Stock | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>7,000,000 shares of Common Stock |
| &nbsp;&nbsp;&nbsp;**10** | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>☐ |
| &nbsp;&nbsp;&nbsp;**11** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>66.99%<sup>(1)</sup> | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>66.99%<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp;**12** | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>CO | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>CO |

---

(1) Based on
 10,450,000 shares of Common Stock issued and outstanding as of December 31, 2022.

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| | | |
|:---|:---|:---|
| **CUSIP No. 34988N 104** | SCHEDULE 13G | Page 3 of 7 Pages |

---

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **1** | NAME OF REPORTING PERSONS<br>Joseph C. Visconti | NAME OF REPORTING PERSONS<br>Joseph C. Visconti |
| &nbsp;&nbsp;&nbsp; **2** | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>(a) ☐ (b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; **3** | SEC USE ONLY | SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; **4** | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States |
| NUMBER OF<br> SHARES<br>BENEFICIALLY<br> OWNED BY<br>EACH<br> REPORTING<br>PERSON<br> WITH | **5** | SOLE VOTING POWER<br>103,334 shares of Common Stock<br>|
|  | **6** | SHARED VOTING POWER<br>1,715,000 shares of Common Stock<br>|
|  | **7** | SOLE DISPOSITIVE POWER<br>103,334 shares of Common Stock<br>|
|  | **8** | SHARED DISPOSITIVE POWER<br>1,715,000 shares of Common Stock<br>|
| &nbsp;&nbsp;&nbsp;**9** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,818,334 shares of Common Stock | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,818,334 shares of Common Stock |
| &nbsp;&nbsp;&nbsp;**10** | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>☐ |
| &nbsp;&nbsp;&nbsp;**11** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>17.26%<sup>(1)</sup> | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>17.26%<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp;**12** | TYPE OF REPORTING PERSON<br>IN | TYPE OF REPORTING PERSON<br>IN |

---

(1) Based
 on 10,450,000 shares of Common Stock issued and outstanding as of December 31, 2022 and an aggregate of 83,334 shares of Common Stock
 issuable upon options that will vest and be exercisable within 60 days of December 31, 2022.

---

| | | |
|:---|:---|:---|
| **CUSIP No. 34988N 104** | SCHEDULE 13G | Page 4 of 7 Pages |

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| | |
|:---|:---|
| **Item 1(a)** | **<u>Name of Issuer</u>:**<br>Forza X1, Inc. ("Forza" or the "Company") |
| **Item 1(b)** | **<u>Address of Issuer's Principal Executive Offices</u>:**<br>3101 S. US-1<br>Ft. Pierce, Florida 34982 |
| **Item 2(a)** | **<u>Name of Person Filing</u>:**<br>This statement is being filed pursuant to a Joint Filing Agreement (attached as Exhibit 2 hereto and incorporated herein by reference) by and between (i) Twin Vee PowerCats Co. and (ii) Joseph C. Visconti (sometimes collectively referred to as the "Reporting Persons"). |
| **Item 2(b)** | **<u>Address of Principal Business Office or, if none, Residence</u>:**<br>The address for the principal business office of Twin Vee PowerCats Co. and Joseph C. Visconti is:<br>c/o Twin Vee PowerCats Co.<br> 3101 S. US-1<br>Ft. Pierce, Florida 34982 |
| **Item 2(c)** | **<u>Citizenship</u>:**<br>Twin Vee PowerCats Co. is incorporated under the laws of the State of Delaware.<br>Joseph C. Visconti is a citizen of the United States. |
| **Item 2(d)** | **<u>Title of Class of Securities</u>:**<br>Common Stock, par value $0.001 per share |
| **Item 2(e)** | **<u>CUSIP No.</u>:**<br>34988N 104 |

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**Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the Person Filing is:** 

(a) ☐ Broker
 or dealer registered under Section 15 of the Exchange Act;

(b) ☐ Bank
 as defined in Section 3(a) (6) of the Exchange Act;

(c) ☐ Insurance
 company as defined in Section 3(a) (19) of the Exchange Act;

(d) ☐ Investment
 company registered under Section 8 of the Investment Company Act;

(e) ☐ An
 investment adviser in accordance with Rule 13d-1(b) (1) (ii) (E);

(f) ☐ An
 employee benefit plan or endowment fund in accordance with Rule 13d-1(b) (1) (ii) (F);

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| | | | |
|:---|:---|:---|:---|
| **CUSIP No. 34988N 104** | **CUSIP No. 34988N 104** | SCHEDULE 13G | Page 5 of 7 Pages |
| (g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b) (1) (ii) (G); | A parent holding company or control person in accordance with Rule 13d-1(b) (1) (ii) (G); |
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under Section 3(c) (14) of the Investment Company Act; | A church plan that is excluded from the definition of an investment company under Section 3(c) (14) of the Investment Company Act; |
| (j) | ☐ | Group, in accordance with Rule 13d-1(b) (1) (ii) (J). | Group, in accordance with Rule 13d-1(b) (1) (ii) (J). |
|  |  | Not applicable. | Not applicable. |

---

**Item 4. Ownership**

The following information is provided as of December 31, 2022:

Twin Vee PowerCats Co. is the beneficial owner of 7,000,000 shares of Forza Common Stock owned of record by it. Twin Vee PowerCats Co. previously shared voting and dispositive power over these 7,000,000 shares of Common Stock with Twin Vee Powercats, Inc. until Twin Vee Powercats, Inc. merged with and into Twin Vee PowerCats Co., effective November 29, 2022. Upon the effectiveness of the merger, Twin Vee Powercats, Inc. ceased to exist. Twin Vee PowerCats Co. shares voting and dispositive power over 1,715,000 of the 7,000,000 shares of Common Stock with Mr. Visconti due to the fact that Mr. Visconti owns approximately 24.5% of Twin Vee PowerCats Co. and also serves as the Chairman of the Board and Chief Executive Officer of Twin Vee PowerCats Co. Mr. Visconti also serves as the Executive Chairman and Chief of Product Development of Forza. Mr. Visconti is deemed to have control over the 1,715,000 shares of Common Stock of the Company owned by Twin Vee Powercats Co. Mr. Visconti disclaims any beneficial ownership of the reported shares of Common Stock other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Mr. Visconti was issued an option to purchase 400,000 shares of Common Stock upon consummation of the Company's initial public offering in August 2022, of which 77,778 shares of Common Stock will vest and be exercisable within 60 days of December 31, 2022. Mr. Visconti was also issued an option to purchase 100,000 shares of Common Stock on December 15, 2022, of which 5,556 shares of Common Stock will vest and be exercisable within 60 days of December 31, 2022. Lastly, Mr. Visconti purchased an additional 20,000 shares on December 8, 2022. The vested shares and the purchased 20,000 shares are included in the number of shares of Common Stock beneficially owned by Mr. Visconti.

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| | |
|:---|:---|
| The following sets forth in tabular format the share ownership of each of the Reporting Persons: | The following sets forth in tabular format the share ownership of each of the Reporting Persons: |
| (a) | Amount beneficially owned: |
| (i) | Twin Vee PowerCats Co. is the beneficial owner of 7,000,000 shares of Common Stock. |
| (ii) | Joseph C. Visconti is the beneficial owner of 1,818,334 shares of Common Stock. |
| (b) | Percent of class: |
|  | (i) 66.99% for Twin Vee PowerCats Co.; and<br>(ii) 17.26% for Joseph C. Visconti. |

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| | | | |
|:---|:---|:---|:---|
| **CUSIP No. 34988N 104** | **CUSIP No. 34988N 104** | SCHEDULE 13G | Page 6 of 7 Pages |
| (c) | Number of shares as to which such person has: | Number of shares as to which such person has: | Number of shares as to which such person has: |
| (i) | sole power to vote or to direct the vote: | sole power to vote or to direct the vote: | sole power to vote or to direct the vote: |
|  | 5,285,000 shares for Twin Vee PowerCats Co.; and<br> 103,334 shares for Joseph C. Visconti. | 5,285,000 shares for Twin Vee PowerCats Co.; and<br> 103,334 shares for Joseph C. Visconti. | 5,285,000 shares for Twin Vee PowerCats Co.; and<br> 103,334 shares for Joseph C. Visconti. |
| (ii) | shared power to vote or to direct the vote: | shared power to vote or to direct the vote: | shared power to vote or to direct the vote: |
|  | 1,715,000 shares for Twin Vee PowerCats Co.; and<br> 1,715,000 shares for Joseph C. Visconti. | 1,715,000 shares for Twin Vee PowerCats Co.; and<br> 1,715,000 shares for Joseph C. Visconti. | 1,715,000 shares for Twin Vee PowerCats Co.; and<br> 1,715,000 shares for Joseph C. Visconti. |
| (iii) | sole power to dispose or to direct the disposition of: | sole power to dispose or to direct the disposition of: | sole power to dispose or to direct the disposition of: |
|  | 5,285,000 shares for Twin Vee PowerCats Co.; and<br> 103,334 shares for Joseph C. Visconti. | 5,285,000 shares for Twin Vee PowerCats Co.; and<br> 103,334 shares for Joseph C. Visconti. | 5,285,000 shares for Twin Vee PowerCats Co.; and<br> 103,334 shares for Joseph C. Visconti. |
| (iv) | shared power to dispose or to direct the disposition of: | shared power to dispose or to direct the disposition of: | shared power to dispose or to direct the disposition of: |
|  | 1,715,000 shares for Twin Vee PowerCats Co.; and<br> 1,715,000 shares for Joseph C. Visconti. | 1,715,000 shares for Twin Vee PowerCats Co.; and<br> 1,715,000 shares for Joseph C. Visconti. | 1,715,000 shares for Twin Vee PowerCats Co.; and<br> 1,715,000 shares for Joseph C. Visconti. |

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| | |
|:---|:---|
| **Item 5.** | **Ownership of Five Percent or Less of a Class.** |
|  | If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐. |
| **Item 6.** | **Ownership of More than Five Percent on Behalf of Another Person.** |
|  | Not applicable. |
| **Item 7.** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.** |
|  | Not applicable. |
| **Item 8.** | **Identification and Classification of Members of the Group.** |
|  | Not applicable. |
| **Item 9.** | **Notice of Dissolution of Group.** |
|  | Not applicable. |
| **Item 10.** | **Certifications.** |
|  | Not applicable. |

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*[signature page follows]*

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| | | |
|:---|:---|:---|
| <br> **CUSIP No. 34988N 104** | SCHEDULE 13G | Page 7 of 7 Pages |

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**SIGNATURES**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | | |
|:---|:---|:---|
| Date: February 10, 2023 | Twin Vee PowerCats Co. | Twin Vee PowerCats Co. |
|  | By: | /s/ Joseph C. Visconti |
|  | Name: | Joseph C. Visconti |
|  | Title: | Chief Executive Officer |
|  |  | /s/ Joseph C. Visconti |
|  |  | Joseph C. Visconti |

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**LIST OF EXHIBITS**

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| | | |
|:---|:---|:---|
| **Exhibit No.** | **Exhibit No.** | **Description** |
|  | 2 | [Joint Filing Agreement, dated February 10, 2023](e4414_ex2.htm) |

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## Ex-2

**Exhibit 2**

**JOINT FILING AGREEMENT**

JOINT FILING AGREEMENT, dated as of the 10th day of February, 2023, by and between Twin Vee PowerCats Co. and Joseph C. Visconti (together, the "Joint Filers").

WHEREAS, pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the parties hereto desire to satisfy any filing obligation under Section 13(d) of the Exchange Act by a single joint filing;

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Joint Filers hereby agree and represent as follows:

1. Schedule 13G (Amendment No. 1) with respect to the Common Stock, par value $0.001 per share, of Forza X1, Inc. (to which this Joint Filing Agreement is an exhibit) is filed on behalf of each of the Joint Filers.

2. Each of the Joint Filers is eligible to use Schedule 13G for the filing of information therein contained.

3. Each of the Joint Filers is responsible for the timely filing of Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein, provided that each such person is not responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the undersigned have caused this Joint Filing Agreement to be duly executed and delivered as of the date first above written.

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| | |
|:---|:---|
| Twin Vee PowerCats Co. | Twin Vee PowerCats Co. |
| By: | /s/ Joseph C. Visconti |
| Name: | Joseph C. Visconti |
| Title: | Chief Executive Officer |
|  | /s/ Joseph C. Visconti |
|  | Joseph C. Visconti |

---