NeoVolta Seeks 50% More Authorized Shares and New Evergreen Stock Plan at Dec. 22 Meeting
NEOV sits 60% above its 52-week low of $1.36.
Summary
At a December 22, 2026 annual meeting, NeoVolta's preliminary proxy asks stockholders to authorize 150 million shares (up from 100 million) and adopt a 2026 Stock Plan with a 3% annual evergreen. No shares have been sold; this is permission for future issuance.
Key Events · Corporate Governance and Compliance · NEOV
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Authorized Shares Would Rise 50%
Proposal 4 would lift authorized common stock from 100,000,000 to 150,000,000 shares, though the board states it has no present plan to issue the new shares.
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Headroom of ~91 Million Shares
With 59,103,184 shares outstanding as of the October 30, 2026 record date, the increase leaves roughly 90.9 million authorized-but-unissued shares (150,000,000 - 59,103,184).
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New Evergreen Equity Plan
The 2026 Stock Plan starts with 1,000,000 shares and automatically adds 3% of shares outstanding each January 1 from 2028 through 2035, unless the board cuts the increase.
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Annual Meeting December 22, 2026
Holders of record on October 30, 2026 will vote on five director nominees, MaloneBailey ratification, the stock plan, the share increase and adjournment authority.
Analysis · NEOV · Manufacturing
Holders are being asked to raise authorized common stock from 100 million to 150 million shares and to approve a 2026 Stock Plan that adds 1 million shares plus an automatic 3% annual increase through 2035. No shares have been issued yet, so this is not a sale. But the combination leaves the board roughly 91 million shares of headroom against 59.1 million outstanding, the raw material for the ATM, the Infinite Grid offtake fees payable in stock, and the Neubau earn-out of up to 4 million shares. With a $21.5M net loss and previously disclosed material weaknesses as backdrop, holders are effectively pre-authorizing future dilution. Power shifts further toward management through the bylaw change filed concurrently, which cuts quorum to one-third and lets a simple board majority amend the bylaws at the same meeting.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.4% of the 1757 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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 $2.17 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $127.5M. The 52-week trading range was $1.36 to $7.13. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.