Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 267

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 3
Chunk 267
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We are currently not a party
to any pending legal proceeding, nor is our property the subject of a pending legal proceeding, that we believe is not ordinary routine
litigation incidental to our business or otherwise material to the financial condition of our business.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

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PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our common stock and Warrants
are listed on the NASDAQ Capital Market (“Nasdaq”) under the symbols “NEOV” and “NEOVW,” respectively.

Holders

As of September 29, 2025,
there were approximately 36 holders of record of our common stock. The number of record holders does not include beneficial owners of
common stock whose shares are held in the names of banks, brokers, nominees or other fiduciaries.

Dividends

We have never paid any cash
dividends on our common stock. We currently anticipate that we will retain all future earnings for use in our business. Consequently,
we do not anticipate paying any cash dividends in the foreseeable future. The payment of dividends in the future will depend upon our
results of operations, as well as our short term and long-term cash availability, working capital, working capital needs, and other factors
as determined by our Board of Directors.

Recent Sales of Unregistered Securities

In the three months ended
June 30, 2025, we issued no new shares of our common stock.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

We did not repurchase any of our equity securities
during the year ended June 30, 2025.

 22 

ITEM 6. [RESERVED]

ITEM 7. MANAGEMENT’S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion
should be read in conjunction with the financial statements and notes thereto included elsewhere in this report. Certain statements in
this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” are forward-looking statements
that are based on current expectations and involve various risks and uncertainties that could cause our actual results to differ materially
from those expressed in these forward-looking statements. We encourage you to review the “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors”