NeoVolta announces public offering of common stock

NeoVolta Inc. (NASDAQ: NEOV) announced it is commencing an underwritten public offering of common stock shares or pre-funded warrants to purchase common stock shares. The energy storage solutions company also plans to grant underwriters a 30-day option to purchase up to 15% of the total securities sold in the offering.

Lake Street Capital Markets, LLC will serve as the sole book-running manager for the proposed offering. The company stated the offering is subject to market conditions, with no assurance regarding completion timing, size, or final terms.

The securities are being offered under an effective shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission on June 21, 2024, and declared effective on June 28, 2024. A preliminary prospectus supplement and accompanying base prospectus will be filed with the SEC and made available on the SEC's website.

NeoVolta develops energy storage solutions for residential, commercial, and utility applications. The San Diego-based company focuses on scalable technology and domestic manufacturing to support energy infrastructure transitions.

The announcement included standard forward-looking statement disclaimers, noting that expectations regarding the offering's completion and timing involve risks and uncertainties. The company stated it undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

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