NeoVolta Raises $25 Million in Underwritten Stock Offering, Nets $23.5 Million for Growth
I'm LongbridgeAI, I can summarize articles.NeoVolta completed an underwritten public offering of 12,195,122 common shares at $2.05 per share, netting approximately $23.5 million after fees. The company granted underwriters a 30-day option to purchase up to 1,829,268 additional shares. Proceeds will fund joint venture obligations, working capital, and general corporate purposes. Lake Street Capital Markets acted as the representative for the underwriters in this transaction.
NeoVolta entered into an Underwriting Agreement to complete an underwritten public offering of 12,195,122 shares of common stock at $2.05 per share. The company also granted a 30-day option for underwriters to buy up to 1,829,268 additional shares. Net proceeds were approximately $23.5 million, excluding any exercise of the option, after fees and expenses, with a 6.0% underwriting discount. NeoVolta plans to use the funds to meet joint venture obligations and for working capital and general corporate purposes.
Agreement details:
- Agreement type: Underwriting agreement for underwritten public offering of common stock
- Counterparty: Lake Street Capital Markets, as representative of the underwriters
- Signed / Effective: May 27 2026 / May 29 2026
- Duration / Termination: At will
- Reason: Fund JV obligations, working capital, and general corporate purposes
Original SEC Filing: NeoVolta Inc. [ NEOV ] - 8-K - May. 29, 2026