NeoVolta Inc. has successfully completed a registered direct offering, securing $10 million in funding. The transaction was supported by legal advisors ArentFox Schiff LLP for NeoVolta and White & Case LLP for Needham & Company.
The capital raised will be used to advance NeoVolta’s business initiatives and support ongoing operations. Needham & Company acted as the placement agent for the offering.
**Why this matters**
This funding round provides NeoVolta with additional financial resources to pursue growth opportunities and strengthen its market position. The involvement of established legal and financial firms underscores the company’s commitment to a structured and compliant capital raise.
Source: NewsData