NeoVolta acquires certain assets of Neubau Energy for $500k cash, 200k shares, plus milestone earnouts up to 4M shares

NeoVolta Inc.

Upfront consideration: $500,000 cash ($100k to seller, $400k to Neubau shareholders) and 200,000 NeoVolta shares.
Earnout: up to 4,000,000 additional shares on revenue milestones from neuClick Battery Modules; first $2M rev by Dec 31, 2026.
NeoVolta to pay $10/unit royalty on neuClick Battery Modules sold for three years post-closing.
Appointed Amany Ibrahim as COO and Thomas Enzendorfer as CTO; each gets $250k base salary, 80% target bonus, 450k RSUs.
Transaction expected to close by October 15, 2025; NeoVolta assumes no liabilities of the seller.

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