SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced the pricing of a public offering of 12,195,122 shares of its common stock. The shares of common stock are being sold to the public at an offering price of $2.05 per share. The gross proceeds to NeoVolta from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $25.0 million. In addition, NeoVolta has granted the underwriter a 30-day option to purchase up to an additional 1,829,268 shares of its common stock at the public offering price per share, less underwriting discounts and commissions. The offering is expected to close on May 29, 2026, subject to the satisfaction of customary closing conditions.
Lake Street Capital Markets, LLC is acting as the sole book-running manager for the offering.
The securities are being offered and sold by the Company pursuant to an effective shelf registration statement on Form S-3 (File No. 333-280400) previously filed with the Securities and Exchange Commission (“SEC”) on June 21, 2024, and declared effective by the SEC on June 28, 2024. The offering of such securities is being made only by means of a prospectus supplement and accompanying base prospectus that forms a part of the registration statement. A preliminary prospectus supplement and accompanying base prospectus relating to the offering have been filed with the SEC and are available for free on the SEC’s website at http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying base prospectus relating to the offering may be obtained from Lake Street Capital Markets, LLC at 121 South Eighth Street, Suite 1000, Minneapolis, MN 55402, or e-mail at [email protected]. Electronic copies of the final prospectus supplement and accompanying prospectus will also be available on the website of the SEC at http://www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About NeoVolta
NeoVolta is an innovator in energy storage solutions dedicated to advancing reliable, high-performance power infrastructure for residential, commercial, and utility applications. With a focus on scalable technology, domestic manufacturing, and strategic partnerships, NeoVolta is positioned to support the accelerating transition toward resilient energy systems.
Forward-Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the Company’s ability to complete the offering, the timing of the closing of the offering, and the anticipated use of proceeds therefrom. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including "believes," "estimates," "anticipates," "expects," "plans," "projects," "intends," "potential," "may," "could," "might," "will," "should," "approximately," or other words that convey uncertainty of future events or outcomes. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. Risk Factors in the Company's most recently filed Form 10-K and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
Contacts
NEOV Investors
Alliance Advisors IR
[email protected]
NEOV Media
Email: [email protected]
Phone: 800-364-5464