SAN DIEGO, CA, Aug. 05, 2022 (GLOBE NEWSWIRE) — NeoVolta, Inc. (“NeoVolta” or the “Company”) (NASDAQ: NEOV, NEOVW), manufacturer of Smart Energy Storage Solutions, announced today the closing of the sale of an additional 146,250 shares of common stock at $3.99 per share pursuant to the exercise of the underwriters’ over-allotment option in connection with its public offering that closed on August 1, 2022, resulting in gross proceeds of approximately $583,538 and bringing the total gross proceeds of the public offering to approximately $4,485,000.
Maxim Group LLC acted as sole book-running manager for the offering.
The offering was conducted pursuant to the Company’s registration statement on Form S-1 (File No. 333-264275), as amended, previously filed with, and subsequently declared effective by, the Securities and Exchange Commission (“SEC”) on July 27, 2022. A final prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3745.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or 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 jurisdiction.