Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 194

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 194
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 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 Nasdaq or other regulatory bodies. If we are able to maintain the listing
of our securities on Nasdaq, we may be unable to satisfy these requirements or standards and we could subject our securities to delisting,
which would have a negative effect on the price of our common stock and would impair our security holders’ ability to sell or purchase
our common stock or Warrants when they wish to do so. In the event of a delisting, we would expect to take actions to restore our compliance
with the listing requirements, but we can provide no assurance that any such action taken by us would allow our securities to become listed
again, stabilize the market price or improve the liquidity of our securities, prevent our securities from dropping below the minimum bid
price requirement, or prevent future non-compliance with the listing requirements.

The price of our common stock and Warrants
may be volatile