16. Subsequent Events

Twin Vee Holdco Inc. (“PubCo”) was incorporated in the State of Texas on October 5, 2026 and is currently a wholly owned subsidiary of the Company. PubCo was formed to serve as the holding company in connection with the proposed business combination of Twin Vee and USFM. Through October 6, 2026, PubCo’s activities were limited to organization, preparation for the filing of a Form S-4 registration statement, and preparation for the proposed business combination. PubCo has not generated revenue.

On October 7, 2026, PubCo, Twin Vee, USFM, Twin Vee Merger Sub Inc. and USFM Merger Sub Inc. entered into an Amended and Restated Agreement and Plan of Merger (the “A&R Merger Agreement”). Upon the closing of that agreement, Twin Vee Merger Sub Inc. will merge with and into Twin Vee, and USFM Merger Sub Inc. will merge with and into USFM, with Twin Vee and USFM surviving as wholly owned subsidiaries of PubCo. Closing is subject to stockholder approvals, effectiveness of PubCo’s registration statement on Form S-4, the pre-closing contingent value rights restructuring, and other closing conditions. These condensed consolidated financial statements do not give effect to the proposed mergers. See the Current Report on Form 8-K we filed with the SEC on October 8, 2026 for more information regarding the proposed mergers.