Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 83

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 83
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 change in control would be beneficial to our existing stockholders. In addition, our articles of incorporation
and bylaws may discourage, delay or prevent a change in our management or control over us that stockholders may consider favorable. Our
articles of incorporation and bylaws:

·authorize the issuance of “blank check” preferred stock that could be issued by our board
of directors to thwart a takeover attempt;

·place restrictive requirements (including advance notification of stockholder nominations and proposals)
on how special meetings of stockholders may be called by our stockholders; do not provide stockholders with the ability to cumulate their
votes; and

·provide that our board of directors may amend our bylaws.

Additionally, our authorized
capital includes preferred stock issuable in one or more series. Our board has the authority to issue preferred stock and determine the
price, designation, rights, preferences, privileges, restrictions and conditions, including voting and dividend rights, of those shares
without any further vote or action by stockholders. The rights of the holders of common stock will be subject to, and may be adversely
affected by, the rights of holders of any preferred stock that may be issued in the future. The issuance of additional preferred stock,
while providing desirable flexibility in connection with possible financings and acquisitions and other corporate purposes, could make
it more difficult for a third party to acquire a majority of the voting power of our outstanding voting securities, which could deprive
our holders of common stock of a premium that they might otherwise realize in connection with a proposed acquisition of our company.

 16 

As an “emerging growth company”
under the Jumpstart Our Business Startups Act, or JOBS Act, we are permitted to, and intend to, rely on exemptions from certain disclosure
requirements.

As an “emerging growth
company” under the JOBS Act, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. We are
an emerging growth company until the earliest of:

·the last day of the fiscal year during which we have total annual gross revenues of $1.235 billion or
more;

·the last day of the fiscal year following the fifth anniversary of our initial public offering;

·the date on which we have, during the previous 3-year period, issued more than $1 billion in non-convertible
debt; or

·the date on which we are deemed a “large accelerated issuer” as defined under the federal
securities laws.

For so long as