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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NeoVolta Inc. entered into Underwriting Agreement with Lake Street Capital Markets, LLC valued at approximately $23.5 million (effective 2026-05-27).

Action: entry
Agreement: underwriting
Counterparty: Lake Street Capital Markets, LLC
Value: approximately $23.5 million
Effective: 2026-05-27

Exact text from the filing

On May 27, 2026, NeoVolta, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Lake Street Capital Markets, LLC (“Lake Street”), as representative of the several underwriters named in Schedule A thereto (collectively, the “Underwriters”), pursuant to which, on May 29, 2026, we issued and sold in an underwritten public offering of 12,195,122 shares (the “Firm Shares”) of the Company’s common stock, $0.001 par value per share (the “Common Stock”), at a public offering price of $2.05 per share (the “Offering”).

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NeoVolta Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-004397

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