- NeoVolta Inc. (NEOV) finalized an asset purchase agreement for Neubau Energy's next-generation modular battery platform on **October 1, 2025**, with the transaction expected to close by **October 15, 2025**.  **[1748137_20251008LN93963:0]** 
- The acquisition is anticipated to be **immediately accretive to both revenue and gross margins**.  **[1748137_20251008LN93963:0]** 
- Under the terms, NeoVolta paid **$500,000 in cash** and issued **200,000 restricted common shares** at signing, with potential for up to **4 million additional restricted shares** if revenue milestones are met by December 31, 2028, and unit royalties of **$10 per neuClick Battery Module** sold for three years.  **[1748137_20251008LN93963:0]** 
- The integration is expected to reduce installation times by up to **75%** and provide tariff-free access to advanced battery technology through Neubau's Austrian manufacturing base.  **[1748137_20251008LN93963:0]** **[1748137_20251008LN93963:1]** 
- Amany Ibrahim and Thomas Enzendorfer, co-founder and former CEO of Neubau Energy respectively, will join NeoVolta as **Chief Operating Officer** and **Chief Technology Officer**.  **[1748137_20251008LN93963:0]**

NeoVolta Acquires Neubau Energy Assets

- **NeoVolta Inc. (NASDAQ: NEOV)** entered into an asset purchase agreement on **October 1, 2025**, for strategic assets of Neubau Energy, with the acquisition expected to close by **October 15, 2025**.  **[1748137_e07065e15db14f1085fb9dce353d3f1c_0]** 
- The transaction is anticipated to be **immediately accretive to revenue and gross margins**, integrating Neubau's next-gen battery manufacturing platform and technology, including modular residential energy storage systems with sub-30-minute installation times.  **[1748137_e07065e15db14f1085fb9dce353d3f1c_0]** 
- NeoVolta hired Neubau executives, naming **Amany Ibrahim as Chief Operating Officer** and **Thomas Enzendorfer as Chief Technology Officer**.  **[1748137_e07065e15db14f1085fb9dce353d3f1c_0]** 
- Initial consideration for the purchase includes **$500,000 cash** and **200,000 shares of restricted common stock**, with potential for additional royalty payments and up to **4.0 million shares** based on revenue milestones.  **[1748137_e07065e15db14f1085fb9dce353d3f1c_1]**

NeoVolta Enters Asset Purchase Agreement for Neubau Energy's Battery Platform

- NeoVolta reported **record revenues** for fiscal year 2025 of **$8.4 million**, representing a **219% increase** from the prior year. Fiscal Q4 2025 revenues reached **$4.8 million**, up **720%** year-over-year and **135% sequentially** from fiscal Q3 2025.  **[1748137_a182bd86ad284ea18e1d73c53533f9af_0]** **[1748137_a182bd86ad284ea18e1d73c53533f9af_1]** 
- The company recorded a **net loss** of **$5.0 million**, or **$(0.15) per basic share**, for fiscal year 2025, and a **net loss** of **$1.6 million**, or **$(0.05) per basic share**, for fiscal Q4 2025.  **[1748137_a182bd86ad284ea18e1d73c53533f9af_1]** 
- NeoVolta unveiled new products at RE+ 2025, including a **250kW/430kWh Commercial & Industrial battery energy storage system** and the **NV16kW AC hybrid inverter**, and signed a letter of intent to acquire strategic assets of Neubau Energy.  **[1748137_a182bd86ad284ea18e1d73c53533f9af_0]** 
- As of June 30, 2025, the company's cash balance was **$0.8 million**, with net working capital at **$3.2 million**.  **[1748137_a182bd86ad284ea18e1d73c53533f9af_1]**

NeoVolta (NEOV)