05/28/2026 | Press release | Archived content
Lake Street is pleased to announce that it served as the sole bookrunner for NeoVolta, Inc. (Nasdaq:NEOV) in its underwritten public offering of 12,195,122 shares of the Company's common stock at a public offering price of $2.05. In addition, the underwriter has partially executed the greenshoe option to purchase an additional 1,701,824 shares of the Company's common stock at the public offering price. The gross proceeds to the Company from the offering are expected to be approximately $28.5 million, before deducting underwriting discounts and commissions and other offering expenses. The Company intends to use the net proceeds from this offering to fund its joint venture obligations, in addition to working capital and general corporate purposes.