NeoVolta Inc. 8-K

What Happened

• NeoVolta Inc. filed an 8-K on January 23, 2026 reporting it entered a securities purchase agreement (dated January 22, 2026) to sell 2,100,841 shares of common stock in a registered direct offering at $4.76 per share, expected to raise approximately $10 million in gross proceeds. The offering is expected to close on or about January 26, 2026, subject to customary closing conditions. The company issued a press release on January 23, 2026 announcing the offering.

Key Details

• Offering size and price: 2,100,841 shares at $4.76 per share; gross proceeds ~ $10.0 million.
• Expected use of proceeds: Net proceeds to be used for working capital and general corporate purposes.
• Timing & conditions: Purchase agreement dated Jan 22, 2026; expected close on/around Jan 26, 2026, subject to customary closing conditions.
• Preliminary financials (unaudited estimates): Cash and cash equivalents of $242,434 as of Dec 31, 2025; Q4 2025 revenue expected to be $4.4M–$4.6M and gross profit expected to be $700K–$800K. These figures are preliminary and subject to period-close adjustments.

Why It Matters

• The offering provides NeoVolta with an expected immediate capital infusion (~$10M) to fund operations and working capital, addressing a low reported cash balance at year-end 2025.
• Investors should note the dilution impact from issuing 2.1M new shares and that the reported revenue/gross profit figures are preliminary and may change after final close procedures.
• The transaction and the preliminary results were disclosed publicly via the Form 8‑K and an accompanying press release; closing remains subject to customary conditions.