Company: NEOV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001683168-25-003355
Chunk: 21

Company: NeoVolta Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 21
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 are hopes that high level
negotiations between China and the Trump Administration will ultimately lead to a mutually acceptable trade agreement.

In the event, however, that
such a mutual trade agreement is not reached between the parties within the next several months and we find it necessary to begin purchasing
a significant level of our inventory components from China at post-tariff prices, we would be faced with a decision as to whether we should
attempt to pass along such tariff increases to our customers through higher prices for our products or absorbing them internally, or some
combination of those two alternatives. Either circumstance would likely materially adversely affect our sales and/or our profitability.

  ITEM 2. 
  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On February 28, 2025, the
Company closed a private equity offering with accredited investors under which the Company issued a total of 543,500 shares of its common
stock to the investors at an offering price of $2.00 per share resulting in gross proceeds to the Company in the amount of $1,087,000.
The Company expects to use the proceeds of this private offering to meet working capital needs and for other general corporate purposes.
The issuances were made pursuant to an exemption from registration as set forth in Section 4(a)(2) of the Securities Act and/or Rule
506 of Regulation D promulgated under the Securities Act.

ITEM 3.DEFAULTS UPON SENIOR SECURITIES 

None. 

 20 

ITEM 4.MINE SAFETY DISCLOSURES 

Not applicable.

ITEM 5.OTHER INFORMATION

During the period covered
by this Quarterly Report, none of the Company’s directors or executive officers has adopted or terminated a Rule 10b5-1 trading
arrangement or a non-Rule 10b5-1 trading arrangement (each as defined in Item 408 of Regulation S-K under the Securities Exchange Act
of 1934, as amended).

ITEM 6.EXHIBITS

    Exhibit No.
     
    Exhibit Description
  
    3.1
     
    Amended and Restated Articles of Incorporation of NeoVolta, Inc. (incorporated by reference to exhibit 2.1 of the Company’s Form 1-A (file no. 024-10942)).
  
    3.2
     
    Second Amended and Restated Bylaws of NeoVolta, Inc. (incorporated by reference