NeoVolta Secures $20M Secured Term Loan with Warrants at $3.30 Strike
NEOV has more than doubled off its 52-week low of $1.36 on light trading volume (0.4× avg).
Summary
NeoVolta entered a $20M secured term loan with Horizon, ROHO, and Monroe Capital, issuing 1.45M warrants at $3.30 strike price. The 10% interest rate and volume-linked amortization create significant repayment obligations.
Key Events · Financing and Capital Events · NEOV
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$20M Secured Term Loan Closed
NeoVolta entered a Loan, Security and Guaranty Agreement with Horizon Technology Finance, ROHO Capital Opportunity Fund, and Monroe Capital for $20M in term loans, with potential increase of up to $10M more.
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10% Interest with Volume-Linked Amortization
Loans bear 10.00% annual interest with monthly amortization equal to the greater of $1.25M or 7.5% of monthly trading value, capped at $2M per payment. First payment due December 4, 2026.
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1.45M Warrants at $3.30 Strike
Lenders received five-year warrants to purchase 1,454,545 shares at $3.30 per share, with up to 727,273 additional warrants if the loan is increased. Warrants include weighted-average anti-dilution protection.
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First Priority Security Interest
The loan is secured by substantially all assets of NeoVolta and its subsidiaries, which serve as guarantors.
Analysis · NEOV · Manufacturing
On September 4, 2026, NeoVolta closed a $20 million secured term loan, with an option to increase by $10 million. The 10% interest rate and aggressive amortization schedule tied to trading volume create meaningful repayment pressure, while the 1.45 million warrants at $3.30 per share add potential dilution. The loan is secured by substantially all assets, and the Minimum Cushion Requirement forces the company to maintain significant ATM capacity or cash reserves. This financing provides working capital runway but at a high cost and with substantial lender protections.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.7% of the 1694 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NEOV was trading at $3.86 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $227.2M. The 52-week trading range was $1.36 to $7.13. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.