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Forza X1 Inc
3101 S. Us-1
Phone: (772) 202-8039p:772 202-8039 FORT PIERCE, FL  34982  United States Ticker: FRZAFRZA
Business Summary
Forza X1, Inc. is a developer of electric sport boats. The Company is focused on creating, implementing, and selling electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. Its electric boats are designed as fully integrated electric boats including the hull, outboard motor, and control system. The three main components of its electric boats are the fiberglass part of the boat, the motor that propels the boat, and the control system. The Company offers its EV products, services, and support through a Web-based and mobile phone application, which is a vertically integrated and a direct-to-consumer platform. It utilizes a Web-based and application platform to connect with customers for an end-to-end experience. The Company’s two models, the FX1 Dual Console and FX1 Center Console, are designed to be 25-foot in length, and utilize a catamaran hull surface to reduce drag and increase run times.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202412/31/2023YesYes---

Industries
SIC Code Description
3732 Boat building and repairing

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board, Interim Chief Executive Officer, Chief of Product Development Joseph C.Visconti 59 3/12/2024 10/15/2021
Interim Chief Financial & Administrative Officer Michael P.Dickerson 57 4/9/2024 4/9/2024
Independent Director MarciaKull 65 7/1/2022 7/1/2022
Independent Director NeilRoss 61 12/1/2021 12/1/2021
Independent Director KevinSchuyler 55 12/1/2021 12/1/2021

General Information
Number of Employees: 11 (As of 3/1/2024)
Outstanding Shares: 15,754,774 (As of 10/4/2024)
Shareholders: 3
Stock Exchange: OTC
Federal Tax Id: 873159685
Fax Number: (302) 655-5049


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Wednesday, November 20, 2024