NeoVolta Secures $5 Million Line of Credit, Strengthens Financial Position

SAN DIEGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc., a leader in solar energy storage solutions, is pleased to announce the successful securing of a $5 million Line of Credit (LOC) from National Energy Modelers, Inc. This strategic financial arrangement is a significant milestone for NeoVolta, as it bolsters the company's working capital while preserving shareholder equity. The LOC is a pure debt financing agreement with no equity component. This allows NeoVolta to advance its short- ...