NeoVolta secures $20M term loan facility with warrants; maturity 2028

NeoVolta Inc.

$20M term loans from Horizon, ROHO, Monroe; 10% interest, maturity March 3, 2028.
Amortization payments start Dec 4, 2026; greater of $1.25M or 7.5% of value traded, capped at $2M.
Issued warrants for 1,454,545 shares at $3.30 exercise price; additional warrants up to 727,273 if loan increased.
Loan secured by first-priority lien on substantially all assets; proceeds for working capital.
Potential $10M increase in loan commitment subject to conditions and additional warrants.

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