Welcome to the Twin Vee PowerCats Co special meeting of stockholders. My name is Glenn Sonoda. I am the secretary and in-house counsel for Twin Vee and will be acting as the chair for this meeting. It is 10:00 A.M. on September 8th, 2026, and the special meeting will now come to order. I have received the affidavit of distribution showing that proper notice was mailed to all stockholders of record of common stock who are entitled to cast a vote at this meeting. Marlene Aguilar has been appointed as the Inspector of Election. I have received the inspector's oath and her preliminary report showing that a quorum is present of at least one-third of the outstanding shares of common stock on the record date August 10th, 2026. Because a quorum is present, the meeting is lawfully constituted. We will now proceed with the business portion of the meeting.
We've reserved time before voting to review questions shareholders may have with respect to the business before us today. Specifically, we will consider and vote on the following items. The first item of business to be voted upon at this meeting is proposal number one, to ratify and approve the 1-for-37 reverse stock split of the company shares of common stock, effective as of May 4th, 2026 in the state of Delaware, as more fully described in the accompanying proxy statement. The second item of business is proposal number two, to approve an amendment to the Twin Vee certificate of incorporation to change the name of our company from Twin Vee PowerCats Co to Twin Vee Bahama Co.
The third item of business is proposal number three, to consider and vote upon a proposal to adjourn the special meeting if necessary, if a quorum is present to solicit additional proxies if there are not sufficient votes in favor of proposal one and/or two. If you are a shareholder and wish to ask a question regarding any of the foregoing proposals, please enter it now in the box provided on the website. We'll wait a couple more seconds. Okay. Not seeing any questions, let's move on to the next item. It's 10:03 A.M., and I now declare the polls open for voting at this meeting with respects to proposals one through three. If you have not voted yet, you may utilize the voting tool on the website. If you have already sent in your proxy or already voted, you do not need to do anything at this time.
We'll pause briefly for any shareholder voting. Okay. Not seeing any, let's say it's now about 10:04 A.M., and the polls are closed with respects to proposals one through three. I would like to report the preliminary results of the voting. The preliminary vote report on proposal number one shows that the 1-for-37 reverse stock split of the company shares of common stock effective as of May 4th, 2026, has been ratified and approved. The preliminary vote report on proposal number two shows that the name change has been approved. The preliminary vote report on proposal number three is not required since proposals one and two received sufficient votes to pass, and no other business has come before the special meeting.
We will be reporting the final vote results in a Form 8-K following confirmation of the votes entered at the meeting today within the next four business days. There being no further business to come before the meeting, the special meeting of stockholders is now adjourned. On behalf of the board of directors and company's management, I want to thank you for joining us today.