NeoVolta, Inc.
General Information | |
Business: | (Note: This is NOT an IPO. This is a NASDAQ uplisting from the OTCQB, where NeoVolta’s stock trades under the symbol “NEOV”. **This is also a unit offering. Each unit consists of one share of common stock and two warrants, exercisable at the IPO price.) NeoVolta designs, manufactures and sells high-end energy storage systems (batteries and inverters) for commercial and residential use. Its primary customers are certified solar installers and solar equipment distributors. (Note: NeoVolta, Inc. revised the terms of its IPO in an S-1/A filing dated June 23, 2022, by increasing the number of units to 1.5 million, up from 1.0 million units, and cutting the price range to $3.50 to $4.50, down from $5.00 to $7.00. This change in terms cut NeoVolta’s market cap to $132.6 million – a reduction of 32.3 percent from its market cap of $196 million under the previous terms. In an S-1/A filing dated June 3, 2022, NeoVolta trimmed the size of its public offering (NASDAQ uplisting) to 1.0 million units, down from 1.7 million units.) |
Industry: | Energy storage systems (batters & inverters) |
Employees: | 5 |
Founded: | 2018 |
Contact Information | |
Address | 13651 Danielson Street, Suite A, Poway, CA 92064 |
Phone Number | 800-364-5464 |
Web Address | http://www.neovolta.com/ |
View Prospectus: | NeoVolta, Inc. |
Financial Information | |
Market Cap | $132.6mil |
Revenues | $4.82 mil (last 12 months) |
Net Income | $-7.65 mil (last 12 months) |
IPO Profile | |
Symbol | NEOV |
Exchange | NASDAQ |
Shares (millions): | 1.5 |
Price range | $3.50 - $4.50 |
Est. $ Volume | $6.0 mil |
Manager / Joint Managers | Maxim Group |
CO-Managers | |
Expected To Trade: | |
Status: | TBA |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |