NeoVolta raises ~$23.5M net from 12.2M-share offering at $2.05; signs non-binding LOI for 1.1 GWh utility storage

NeoVolta Inc.

Priced public offering of 12,195,122 shares at $2.05/share; gross proceeds ~$25.0M; net proceeds ~$23.5M.
Underwriters granted 30-day option to purchase up to 1,829,268 additional shares at same offer price.
Net proceeds to fund joint venture obligations and for working capital and general corporate purposes.
Non-binding LOI with Infinite Grid Capital for potential supply of 1.1 GWh utility-scale battery storage across three projects.
LOI covers ~400 MWh West Texas, ~400 MWh Puerto Rico, and ~300 MWh PJM; no minimum purchase obligations.

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