Forza X1 (FRZA) Files IPO Registration Statement

Forza X1 (NASDAQ: FRZA) has filed IPO registration statement.

The company describes itself as: "Forza X1, Inc., 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.

We believe that the boating industry will follow in the footsteps of the electrification of the automotive industry by creating electric boats that meet or exceed the traditional boating consumers expectations of price, value and run times. In other words, electric boats must offer a similar experience when compared to traditional gas-powered boat in terms of size, capability and price point."

ThinkEquity will serve as sole underwriter.

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