Transaction Details - The Company plans to issue and sell an aggregate of 2,100,841 shares of its common stock at a par value of $0.001 per share [4]. - The Closing Date for the transaction is set for January 26, 2026, contingent upon the satisfaction of all conditions [8]. - Each Purchaser is required to deliver the Subscription Amount in cash, which will be specified on the signature page of the Agreement [25]. - The Company will reimburse legal expenses incurred by White & Case LLP, up to $50,000, at the Closing [24]. - The Securities are being registered under an effective registration statement on Form S-3 filed with the SEC [4]. - Lock-Up Agreements will be executed by the Company's directors and executive officers as part of the transaction [23]. - The Company is required to have a sufficient number of authorized shares of Common Stock reserved for issuance to fulfill its obligations under the Transaction Documents [23]. - The Company acknowledges that its obligation to issue the Shares is absolute and unconditional regardless of the dilutive effect on other stockholders [38]. - The Company has authorized capital stock of 100,000,000 shares of Common Stock, with 36,195,684 shares issued and outstanding [48]. - The Lock-Up Period for the undersigned is set to last 90 days following the final prospectus supplement related to the Registered Direct Offering [124]. - The Company will not assign the Agreement or any rights without prior written consent from Purchasers representing a majority of the Subscribed Securities [102]. - The Agreement may be terminated if the Closing has not been consummated within 5 Trading Days following the date of the Agreement [94]. - NeoVolta, Inc. is entering into a Placement Agency Agreement with Needham & Company, LLC for a Registered Direct Offering of common stock [123]. Financial Compliance - The Company has timely filed all SEC Reports during the one year prior to the date hereof [40]. - The financial statements included in the SEC Reports comply in all material respects with applicable accounting requirements and fairly present the financial position of the Company [40]. - There has been no material adverse change in the business or financial condition of the Company since the date of the most recent audited financial statements [42]. - The Company is not currently contemplating amending or restating any of the financial statements included in the SEC Reports [40]. - The Company is in compliance with the Sarbanes-Oxley Act of 2002, as amended [46]. - The Company has timely filed all required tax returns and paid all material taxes due [58]. - The Company maintains internal controls over financial reporting designed to provide reasonable assurance regarding the reliability of financial reporting [59]. - The Company has not received any notice from independent accountants regarding potential material weaknesses in internal controls [59]. - The Company has no material disagreements with its accountants or lawyers that could affect its obligations [71]. Securities and Stock Management - The issuance of the Securities is duly authorized and will be validly issued, fully paid, and non-assessable [33]. - The Company is not in violation of the requirements of the Principal Market and has no knowledge of any facts that would reasonably lead to delisting or suspension of the Common Stock [35]. - The Company has not declared or paid any dividends since the date of the most recent audited financial statements [42]. - The Company and its Subsidiaries are not currently insolvent and will not be after the transactions contemplated by the Agreement [42]. - There are 3,848,150 shares reserved for issuance pursuant to Convertible Securities [48]. - The Company has no shares of Common Stock held in treasury [48]. - There are no outstanding options, warrants, or similar rights relating to the Company's capital stock [50]. - The Company has fully paid or provided for all stock transfer taxes related to the issuance and sale of its securities [65]. - The Company is not subject to the Bank Holding Company Act and does not control any significant voting securities of a bank [66]. - The Company is not classified as a U.S. real property holding corporation, maintaining compliance with Section 897 of the Code [64]. Legal and Regulatory Compliance - The Company must conduct its business in compliance with all applicable laws, with no violations expected to result in a Material Adverse Effect [85]. - The Company is in compliance with the USA Patriot Act and other anti-money laundering laws [67]. - The Company has not engaged in any actions to manipulate the price of its securities, ensuring compliance with regulations [63]. - No statute or regulation should prohibit the consummation of the transactions contemplated by the Transaction Documents [92]. - The Company must deliver an irrevocable Instruction Letter to the Transfer Agent accepted by the Transfer Agent [93]. - The Agreement is governed by the laws of the State of New York [132]. Purchaser Obligations and Rights - Each Purchaser must confirm that they are acquiring the Subscribed Securities for their own account and not for public sale or distribution [26]. - The Agreement constitutes a legal, valid, and binding obligation of each Purchaser, enforceable against them in accordance with its terms [30]. - The obligation of the Company to issue and sell the Subscribed Shares is subject to the satisfaction of specific conditions, including the delivery of the Subscription Amount in cash [87]. - Each Purchaser's obligation to purchase the Subscribed Shares is contingent upon the Company delivering all required documents and ensuring all representations and warranties are true and correct [88]. - The Common Stock must be designated for quotation or listed on the Principal Market and not suspended by the SEC or the Principal Market as of the Closing Date [91]. - The Company will indemnify Purchasers against any misrepresentation or breach of representation in the Transaction Documents [105]. - The representations and warranties made by the Company will survive the Closing of the Agreement [104]. - The Company acknowledges that no due diligence by Purchasers will affect their right to rely on the Company's representations and warranties [105]. - The Company must perform all obligations timely, or Purchasers may rescind or withdraw any relevant notice or demand [108]. Transfer of Securities - The agreement allows for transfers of securities under specific conditions, including exercises of stock options and transfers to immediate family members [125]. - Securities can be transferred as bona fide gifts or for estate planning purposes without involving a disposition for value [126]. - Transfers of securities are permitted to entities where the undersigned or their immediate family are the legal and beneficial owners of all outstanding equity securities [126]. - The undersigned may establish a 10b5-1 Plan for the transfer of securities, provided no transfers occur during the Lock-Up Period [128]. - Transfers pursuant to a bona fide third-party tender offer or similar transaction are allowed if approved by the Board of Directors [126]. - The undersigned agrees to be bound by the terms of the lock-up agreement for any transfers made under specified clauses [127].

SAN DIEGO, Jan. 23, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (Nasdaq: NEOV), a U.S.-based energy technology company delivering scalable storage, today announced that it has entered into a definitive agreement for the purchase and sale of an aggregate of 2,100,841 shares of common stock at a purchase price of $4.76 per share in a registered direct offering. The closing of the registered direct offering is expected to occur on or about January 26, 2026, subject to the satisfaction of customary closing condition ...

Group 1 - Longi Green Energy (601012.SH) is advancing in the energy storage sector by participating in a collaboration to support NeoVolta (NEOV.US) and Precision Energy in establishing battery storage systems in the U.S. [1] - The U.S. energy storage demand is driven by weak grid infrastructure, growing data center needs, and manufacturing reshoring, indicating a strong profitability potential [1] - Longi Green Energy plans to acquire approximately 62% voting rights in Precision Energy through equity acquisition and capital increase, with leadership now aligned with Longi [1] Group 2 - Precision Energy and NeoVolta will form a joint venture, NeoValta Power, focusing on the U.S. large-scale and commercial storage market, with NeoVolta holding 60% and Precision Energy 20% [2] - The joint venture aims to achieve a production capacity of 2GWh by mid-2026, expandable to 8GWh, meeting FEOC compliance standards [2] - NeoVolta has seen significant revenue growth, achieving $6.65 million in Q3 2025, a year-over-year increase of 1027% [2] Group 3 - The U.S. energy storage market presents substantial growth potential, with domestic companies exploring innovative models to participate despite trade barriers [3] - Companies such as Longi Green Energy, along with others like Sungrow Power Supply (300274) and Canadian Solar, are suggested for attention in the evolving market landscape [3]

Core Viewpoint - NeoVolta Inc. is set to present its strategic growth initiatives, particularly focusing on a significant joint venture aimed at establishing a domestic battery manufacturing platform in the U.S. [2][3] Group 1: Joint Venture and Market Expansion - The joint venture with PotisEdge and LONGi will create a battery energy storage system (BESS) manufacturing platform in Georgia, targeting utility-scale and commercial & industrial markets [2] - This partnership positions NeoVolta to leverage the increasing demand for U.S.-made energy storage solutions, marking a substantial expansion of its addressable market [2] Group 2: Investor Engagement - NeoVolta will engage with investors at the Sidoti's January Micro-Cap Virtual Investor Conference, providing a platform to discuss the recent joint venture and its implications for growth [3][4] - The presentation is scheduled for January 21, 2026, at 2:30 PM ET, and will be accessible live [3] Group 3: Company Overview - NeoVolta is focused on advancing reliable, high-performance energy storage solutions for various applications, including residential, commercial, and utility sectors [5] - The company emphasizes scalable technology, domestic manufacturing, and strategic partnerships to support the transition towards resilient energy systems [5]

SAN DIEGO, Jan. 14, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) ("NeoVolta" or the "Company"), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced the formation of NeoVolta Power, LLC, a joint venture established to develop a U.S. battery energy storage system (BESS) manufacturing platform in Pendergrass, Georgia. The launch of domestic manufacturing capacity when complete will represent a transformational expansion of NeoVolta’s business model, pos ...

SAN DIEGO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV), a U.S. energy-storage technology company, announced today that it is advancing a strategic collaboration with Luminia LLC (“Luminia”), a developer of solar and energy storage projects, under a non-binding framework that contemplates the potential development of a portfolio of solar-plus-storage projects planned across California, subject to the parties entering into definitive agreements.Luminia is developing multiple front-of-the-me ...

Core Insights - NeoVolta Inc. has announced a $13 million private placement financing led by Infinite Grid Capital to support its growth and manufacturing expansion in the U.S. [1][2] Financing and Manufacturing Initiative - The investment aims to provide immediate and future capital for NeoVolta's domestic manufacturing initiative, including a memorandum of understanding with third parties to establish a battery energy storage manufacturing facility in Georgia [2][3] - The proposed facility is designed for an initial annual capacity of approximately 2 GWh, focusing on utility-level and commercial & industrial battery energy storage systems, which will expand NeoVolta's market and revenue opportunities [3] Financial Position and Growth - The capital raised will significantly enhance NeoVolta's financial position, improving liquidity and addressing working capital needs to support ongoing growth initiatives [3] - NeoVolta and IGC plan to evaluate future commercial opportunities, including potential offtake arrangements that align with IGC's grid-scale pipeline [4] Strategic Partnership - The partnership with Infinite Grid Capital is seen as a long-term strategic investment, with IGC committing $10 million to support NeoVolta's manufacturing plans and commercial scaling [5] - Both companies will provide updates on key milestones and the evolution of NeoVolta's manufacturing and market initiatives as the relationship develops [5]

Core Insights - NeoVolta Inc. reported a revenue of $6.7 million for Q1 2026, reflecting a year-over-year growth of 1,027%, marking the fourth consecutive record-setting quarter [1][2] Financial Highlights - Revenue increased from $590,000 in the prior-year quarter to $6.7 million, driven by expansion into broader U.S. distribution and installer networks [5][9] - Gross margin improved to 24% from 16% in the prior-year quarter, attributed to manufacturing efficiencies and higher production volumes [5][6] - Operating expenses rose to $2.4 million from $1.1 million, primarily due to investments in leadership and infrastructure [9] - Loss from operations decreased to $854,000 from $966,000 in the prior-year quarter, reflecting significant revenue growth [9] - Net loss was $1.2 million, or $(0.04) per share, compared to a net loss of $964,000, or $(0.03) per share, in the prior-year quarter [9][12] Recent Developments - The acquisition of select assets from Neubau Energy was completed on October 15, 2025, enhancing NeoVolta's growth strategy and product offerings [2][5] - The neuClick™ modular battery platform was launched, promising a 30-minute installation time and targeting over 1,000 pre-orders by December 2025 [5][6] - The company secured a long-term lease extension for its Poway, California manufacturing facility through March 2031, ensuring operational stability [5] Market Strategy - NeoVolta's multi-channel growth strategy has led to increased market adoption of distributed energy storage solutions [2] - The company is expanding its installer base and financing channels to improve accessibility and affordability for customers nationwide [5]

Financial Performance - Revenues from contracts with customers for the three months ended September 30, 2025, were $6,650,258, a significant increase from $590,236 in the same period of 2024, representing a growth of approximately 1,025%[17] - Gross profit for the same period was $1,577,252, compared to $92,847 in 2024, indicating a substantial increase in profitability[17] - The net loss for the three months ended September 30, 2025, was $1,243,322, compared to a net loss of $964,494 in the same period of 2024, representing an increase in losses of approximately 29%[17] - Cost of goods sold for the three months ended September 30, 2025, was $5,073,006, compared to $497,389 in 2024, resulting in gross profits of approximately 24% in 2025 versus 16% in 2024[70] - General and administrative expenses increased to $2,374,668 for the three months ended September 30, 2025, from $1,050,119 in 2024, largely due to the hiring of a new CEO and additional personnel[71] - Net cash used in operating activities for the three months ended September 30, 2025, was $2,494,069, up from $593,031 in 2024, reflecting increased operating expenses[75] - Net cash provided by financing activities in the three months ended September 30, 2025, was $2,589,052, compared to zero in 2024, due to short-term borrowings for inventory purchases[76] Assets and Liabilities - Total current assets increased to $8,357,393 as of September 30, 2025, up from $6,664,633 as of June 30, 2025, reflecting a growth of approximately 25.4%[15] - Total liabilities rose to $6,313,803 as of September 30, 2025, compared to $3,895,451 as of June 30, 2025, marking an increase of approximately 62.2%[15] - Total stockholders' equity decreased to $2,133,165 as of September 30, 2025, down from $2,909,722 as of June 30, 2025, indicating a decline of approximately 26.6%[15] - Cash and cash equivalents at the end of the period were $889,819, up from $794,836 at the beginning of the period, indicating a net increase of approximately 12%[22] Stock and Compensation - The company reported stock compensation expense of $466,765 for the three months ended September 30, 2025, compared to $265,399 in the same period of 2024, representing an increase of approximately 76%[23] - The company recognized stock compensation expense of $293,025 for RSUs in the three months ended September 30, 2025, compared to $221,524 in the same period of 2024[51][52] - The company has made total awards of 2,669,219 shares under its 2019 Stock Plan, which was amended to increase the number of shares authorized for issuance by 5,000,000[53] - The company issued Non-Qualified Stock Options for 147,000 shares at an exercise price of $3.60 per share, with a total fair value of approximately $349,500[45] Borrowings and Credit - The company obtained a line of credit for borrowings of up to $5,000,000 with a 16% annual interest rate, maturing on September 3, 2028, and had net borrowings of $633,538 as of September 30, 2025[38] - The company initiated short-term borrowings of $4,199,549 from a commercial accounts receivable lender, with an outstanding balance of $4,142,275 as of September 30, 2025[39] - The company had accrued interest of $48,646 on its line of credit as of September 30, 2025[38] Acquisitions and Agreements - The company closed an Asset Purchase Agreement on October 15, 2025, acquiring assets from Neubau Energy Inc. for approximately $1.5 million, including cash and stock[58] - The company plans to account for the acquisition of Neubau as an acquisition of assets and will assign the total purchase price to the fair value of the assets acquired[58] - The company entered into an Asset Purchase Agreement dated October 1, 2025, with Neubau Energy Inc. and its shareholders[95] - The company commenced plans for a private equity offering, receiving a cash deposit of $800,000 from a potential investor as of September 30, 2025[40] Internal Controls and Legal Proceedings - As of September 30, 2025, the Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were not effective due to a material weakness related to the lack of segregation of duties[85] - Management acknowledged that any controls and procedures can only provide reasonable assurance of achieving desired control objectives, considering resource constraints[86] - There were no changes in internal controls over financial reporting during the quarter ended September 30, 2025, that materially affected internal controls[87] - The company is not currently a party to any material legal proceedings and is not aware of any material legal or governmental proceedings against it[89] - There have been no material changes from the risk factors previously disclosed in the Company's Annual Report on Form 10-K for the year ended June 30, 2025[90] Share Issuance and Trading - During the three months ended September 30, 2025, the company issued 78,565 shares of common stock to a distributor under a distribution agreement[91] - The company has not experienced any defaults upon senior securities[92] - No directors or executive officers adopted or terminated any trading arrangements during the period covered by the Quarterly Report[94] Shares Outstanding - The weighted average shares outstanding for the period were 34,193,531, compared to 33,244,061 in the same period of 2024, reflecting an increase of approximately 2.9%[17] - As of September 30, 2025, the company had outstanding warrants for a total of 1,081,150 shares of common stock, exercisable at $4.00 per share until August 1, 2027[43]

Financial Results - NeoVolta, Inc. announced financial results for the fiscal quarter ended September 30, 2025[4] - The press release detailing financial results was issued on October 23, 2025[4] - The report includes a cover page interactive data file embedded within the Inline XBRL document[6] Company Classification - The company is classified as an emerging growth company under the Securities Act[3] Stock Information - Common stock is traded under the symbol NEOV on the NASDAQ Stock Market[3]