Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 86

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 86
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arrants we issued in our July 2022
offering are speculative in nature, and the trading market for our Warrants are volatile, sporadic and limited.

The Warrants we issued in
our July 2022 offering do not confer any rights of common stock ownership on their holders, such as voting rights or the right to receive
dividends, but rather merely represent the right to acquire shares of our common stock at a fixed price for a limited period of time.
Specifically, commencing on the date of issuance, holders of the Warrants may exercise their right to acquire the common stock and pay
an exercise price of $4.00 per share, up to five years from the date of issuance, after which date any unexercised Warrants will expire
and have no further value. In addition, the trading market for the Warrants is volatile, sporadic and limited.

Holders of the Warrants we issued in our
July 2022 offering will have no rights as a common stockholder until they acquire our common stock.

Until holders of the Warrants
we issued in our July 2022 offering acquire shares of our common stock upon exercise of the Warrants, the holders will have no rights
with respect to shares of our common stock issuable upon exercise of the Warrants. Upon exercise of the Warrants, the holder will be entitled
to exercise the rights of a common stockholder as to the security exercised only as to matters for which the record date occurs after
the exercise.

 18 

Although our securities became listed on
Nasdaq in August 2022, there can be no assurance that we will be able to comply with the continued listing standards of Nasdaq, a failure
of which could result in a de-listing of our common stock.

The Nasdaq Capital Market
requires that the trading price of its listed stocks remain above one dollar in order for the stock to remain listed. If a listed stock
trades below one dollar for more than 30 consecutive trading days, then it is subject to delisting from Nasdaq. In addition, to maintain
a listing on Nasdaq, we must satisfy minimum financial and other continued listing requirements and standards, including those regarding
director independence and independent committee requirements, minimum stockholders’ equity, and certain corporate governance requirements.
Additionally, we may become subject to an evolving set of compliance regulations pertaining to environmental, social and governance (“ESG”)
matters as well as cybersecurity standards that are promulgated by