Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 191

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 191
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, 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.

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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 we remain an
emerging growth company, we will not be required to:

·have an auditor report on our internal control over financial reporting pursuant to the Sarbanes-Oxley
Act of 2002;

·comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding
mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial
statements (auditor discussion and analysis);

·submit certain executive compensation matters to shareholders advisory votes pursuant to the “say
on frequency” and “say on pay” provisions (requiring a non-binding shareholder vote to approve compensation of certain
executive officers) and the “say on golden parachute” provisions (requiring a non-binding shareholder vote to approve golden
parachute arrangements for certain executive officers in connection with mergers and certain other business combinations) of