NeoVolta Announces $10 Million Equity Offering
Rhea-AI Summary
NeoVolta (Nasdaq: NEOV) announced a registered direct offering of 2,100,841 shares of common stock at $4.76 per share, with aggregate gross proceeds of approximately $10 million. The offering is expected to close on or about January 26, 2026, subject to customary closing conditions, with Needham & Company acting as sole placement agent. The company said it intends to use net proceeds for working capital and general corporate purposes. The shares are being sold pursuant to an effective Form S-3 shelf registration (File No. 333-280400); a final prospectus supplement will be filed with the SEC and made available to investors.
Positive
- Aggregate gross proceeds of approximately $10.0M
- Definitive purchase and sale of 2,100,841 shares priced at $4.76 per share
- Proceeds earmarked for working capital and general corporate purposes
Negative
- Issuance of 2,100,841 shares will increase outstanding shares and dilute existing shareholders
- Gross proceeds are $10.0M before expenses, reducing net cash raised after offering costs
- Transaction closing may put short-term pressure on the stock around the Jan 26, 2026 closing date
Key Figures
Market Reality Check
Peers on Argus
NEOV was up 5.45% with elevated volume, while peers like ESP, TGEN, FCEL, NVX, and ELVA showed smaller positive moves between about 0.28% and 4.67%. No peers appeared in the momentum scanner, suggesting the move was more company-specific than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 15 | Investor conference | Neutral | -7.3% | Sidoti micro-cap conference presentation and 1x1 investor meetings announcement. |
| Jan 14 | JV manufacturing launch | Positive | -8.0% | Formation of NeoVolta Power JV for 2–8 GWh U.S. BESS capacity. |
| Dec 11 | Strategic collaboration | Positive | +0.8% | Framework with Luminia to potentially supply up to 160 MWh storage. |
| Nov 24 | Private placement | Positive | -9.5% | $13 million private placement to support 2 GWh manufacturing initiative. |
| Nov 11 | Earnings results | Positive | +14.1% | Record Q1 FY2026 revenue growth, margin expansion, and Neubau asset acquisition. |
Recent positive strategic and financing announcements have often seen mixed or negative next-day reactions, with only the record Q1 results aligning clearly with a strong positive move.
Over the past few months, NeoVolta has combined rapid growth with aggressive expansion plans. Record Q1 FY2026 revenue of $6.7 million and improved 24% gross margin on Nov 11 drove a 14.05% gain. Subsequent financing and manufacturing expansion updates on Nov 24, Jan 14, and the Sidoti conference news on Jan 15 all drew negative share reactions despite growth-oriented messaging. The new $10 million registered direct equity offering fits this pattern of capital-raising to support expansion.
Market Pulse Summary
This announcement details a registered direct equity offering of 2,100,841 common shares at $4.76, for expected gross proceeds of about $10 million before expenses. Proceeds are earmarked for working capital and general corporate purposes under an effective Form S-3 filed on June 21, 2024. In recent months, NeoVolta has combined rapid revenue growth with significant expansion and prior financings, so investors may track how this additional capital supports execution versus adding dilution over time.
Key Terms
registered direct offering financial
shelf registration statement regulatory
form s-3 regulatory
prospectus supplement regulatory
base prospectus regulatory
placement agent financial
securities and exchange commission regulatory
AI-generated analysis. Not financial advice.
SAN DIEGO, Jan. 23, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (Nasdaq: NEOV), a U.S.-based energy technology company delivering scalable storage, today announced that it has entered into a definitive agreement for the purchase and sale of an aggregate of 2,100,841 shares of common stock at a purchase price of
Needham & Company acted as sole placement agent in the registered direct offering.
The aggregate gross proceeds to the Company from the offering are expected to be approximately
The securities being offered in the registered direct offering described above are being offered and sold by the Company in a registered direct offering pursuant to a “shelf” registration statement on Form S-3 (File No. 333-280400) that was originally filed with the Securities and Exchange Commission (the “SEC”) on June 21, 2024, and that became effective on June 28, 2024. The offering of the securities in the registered direct offering is being made only by means of a base prospectus and prospectus supplement that forms a part of the effective registration statement. A final prospectus supplement and the accompanying base prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC’s website at www. sec.gov. Electronic copies of the final prospectus supplement and the accompanying base prospectus, when available, may also be obtained, when available, from the Company at 12195 Dearborn Place, Poway, CA 92064, by phone at (800) 364-5464 or e-mail at IR@NeoVolta.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall 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 the registration or qualification under the securities laws of any such state or other jurisdiction.
About NeoVolta
NeoVolta Inc. (Nasdaq: NEOV) designs and manufactures advanced energy storage systems that enable homeowners and businesses to achieve energy independence and sustainability. The company’s systems are engineered for high efficiency, safety, and longevity, with installations across the U.S. NeoVolta’s products pair seamlessly with solar systems, providing continuous power during grid outages and maximizing solar investment returns. For more information, visit www.neovolta.com.
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 release include, without limitation, statements regarding our expectations regarding the completion and timing of the offering, the satisfaction of customary closing conditions related to the offering, the proceeds that we expect to receive from the offering and the intended use of proceeds from the offering. 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 to identify these forward-looking statements. 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 Form 10-K filed with the Securities and Exchange Commission (“SEC”) 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
Investors
Alliance Advisors IR
Email: IR@NeoVolta.com
Media
Email: press@neovolta.com
800-364-5464
FAQ
What is NeoVolta's (NEOV) registered direct offering announced on January 23, 2026?
When is the NeoVolta (NEOV) offering expected to close?
How will NeoVolta (NEOV) use the proceeds from the $10M offering?
Who is acting as placement agent for NeoVolta's (NEOV) offering?
Where can investors find the prospectus for NeoVolta's (NEOV) January 2026 offering?
