Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 192

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 192
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 the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010; and

·include detailed compensation discussion and analysis in our filings under the Securities Exchange Act
of 1934, as amended, and instead may provide a reduced level of disclosure concerning executive compensation.

For so long as we remain an
emerging growth company, we:

·may present only two years of audited financial statements and only two years of related Management’s
Discussion and Analysis of Financial Condition and Results of Operations, or MD&A; and

·are eligible to claim longer phase-in periods for the adoption of new or revised financial accounting
standards under §107 of the JOBS Act.

We intend to take advantage
of all of these reduced reporting requirements and exemptions.

Certain of these reduced reporting
requirements and exemptions were already available to us due to the fact that we also qualify as a “smaller reporting company”
under SEC rules. For instance, smaller reporting companies are not required to obtain an auditor attestation and report regarding management’s
assessment of internal control over financial reporting; are not required to provide a compensation discussion and analysis; are not required
to provide a pay-for-performance graph or CEO pay ratio disclosure; and may present only two years of audited financial statements and
related MD&A disclosure.

We cannot predict if investors
will find our securities less attractive due to our reliance on these exemptions. If investors were to find our common stock less attractive
as a result of our election, we may have difficulty raising additional capital.

 17 

Our shareholders may experience dilution
of their ownership interests because of the future issuance of additional shares of our common or preferred stock or other securities
that are convertible into or exercisable for our common or preferred stock.

We are authorized to issue an aggregate of 100,000,000
shares of common stock and 5,000,000 shares of “blank check” preferred stock. In the future, we may issue our authorized but
previously unissued equity securities, resulting in the dilution of the ownership interests of our present stockholders.

We intend to seek to raise
additional funds, finance acquisitions or develop strategic relationships by issuing equity or convertible debt securities, which would
reduce the percentage ownership of our existing stockholders. Our board of directors has the authority, without action or vote of the
stockholders, to issue all or any part of our authorized but unissued shares of common or preferred stock. Our articles of incorporation
authorizes us to issue up to 100