Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 195

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 195
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The market price of our common
stock and Warrants is highly volatile and could fluctuate widely in price in response to various factors, many of which are beyond our
control, including the following:

·changes in our industry;

·competitive pricing pressures;

·our ability to obtain working capital financing;

·additions or departures of key personnel;

·conversions from preferred stock to common stock;

·sales of our common and preferred stock;

·our ability to execute our business plan;

·operating results that fall below expectations;

·loss of any strategic relationship;

·regulatory developments; and

·economic and other external factors.

In addition, the securities markets have from
time to time experienced significant price and volume fluctuations that are unrelated to the operating performance of particular companies.
These market fluctuations may also materially and adversely affect the market price of our common stock and Warrants.

Negative research about our business published
by analysts or journalists could cause our stock price to decline. A lack of regularly published research about our business could cause
trading volume or our stock price to decline.

The trading market for our
common stock depends in part on the research and reports that analysts and journalists publish about us or our business. If analysts or
journalists publish inaccurate or unfavorable research about our business, our stock price would likely decline. If we fail to meet the
expectations of analysts for our operating results, or if the analysts who covers us downgrade our stock, our stock price would likely
decline. If one or more of these analysts ceases coverage of us or fails to publish reports on us regularly, demand for our stock could
decrease, which could cause our stock price and trading volume to decline.

 19 

Claims for indemnification by our directors
and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available
to us.

Our articles of incorporation
and bylaws contain provisions that eliminate, to the maximum extent permitted by the corporation law of the State of Nevada, the personal
liability of our directors and executive officers for monetary damages for breach of their fiduciary duties as a director or officer.
Our articles of incorporation and bylaws also provide that we will indemnify our directors and executive officers and may indemnify our
employees and other agents to the fullest extent permitted by the corporation law of the State of Nevada. Any claims for indemnification
made by our directors or officers could impact our cash resources and our ability to fund the business.

Shareholder