NeoVolta takes $20 million term loan at 10% interest and issues warrants for 1.45 million shares
NeoVolta entered a Loan, Security and Guaranty Agreement on September 4, 2026, under which lenders agreed to make term loans totaling $20 million, maturing March 3, 2028, with the company also issuing five-year warrants to the lenders. The loans are secured by a first priority interest in substantially all company assets and carry covenants, including a minimum cash requirement, so the financing adds debt and potential share dilution for shareholders.
Key points
- Term loans total $20 million at 10.00% annual interest, with a scheduled maturity of March 3, 2028, and proceeds limited to working capital and general corporate purposes.
- Amortization payments begin December 4, 2026, equal to the greater of $1.25 million or 7.5% of the prior month's traded value, capped at $2 million per payment.
- Five-year warrants for 1,454,545 shares at $3.30 per share were issued, with up to 727,273 more warrant shares possible if the loan increases by up to $10 million.
- Loans are secured by substantially all company and subsidiary assets and require at least $5 million of cash on hand at all times.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.