NeoVolta Inc. 8-K

What Happened

• NeoVolta Inc. filed an 8-K on Jan 20, 2026 disclosing that on Jan 13, 2026 it entered into an Operating Agreement and a Contribution Agreement to form NeoVolta Power, LLC, a Delaware LLC established to jointly own and operate a domestic battery energy storage manufacturing facility in Georgia.
• Under the Contribution Agreement, NeoVolta agreed to contribute capital up to $40,000,000 in exchange for 60 Class A membership interests. Can Current Corporation (CCC) and NPJV MANAGER LLC (NMC) each agreed to receive 20 Class B membership interests in exchange for technical and management services, respectively, subject to separate service agreements and vesting conditions. The parties also contemplate a separate Asset Purchase Agreement for certain manufacturing equipment and services for approximately $12,000,000.

Key Details

• Date of agreements: January 13, 2026 (filed on Form 8-K Jan 20, 2026).
• NeoVolta capital commitment: up to $40,000,000 for 60 Class A units; $15.0M of contributions scheduled based on working capital needs.
• Member structure & governance: 5-member Board of Managers (3 designated by NeoVolta; 2 by NMC); profit/loss and distributions allocated pro rata by membership interests; cash distributions at least annually.
• Conditions & risks in agreement: CCC and NMC Class B interests vest only upon execution of separate Technical Services and Management Services Agreements (deadline Mar 31, 2026; otherwise B units revert). If NeoVolta fails to fund required contributions, other Members may source capital, reducing NeoVolta’s Class A interests dollar-for-dollar and potentially suspending NeoVolta’s management rights.

Why It Matters

• This filing documents NeoVolta’s formal entry into a joint venture to build domestic battery manufacturing capacity, backed by a material capital commitment ($40M) and planned equipment purchases (~$12M). For investors, the key things to watch are NeoVolta’s timely funding of its capital obligations, the execution of the separate Technical Services, Management Services, and Asset Purchase agreements (including the Mar 31, 2026 vesting deadline), and any dilution or loss of management rights if NeoVolta does not meet funding requirements. Future SEC filings should provide updates on funding, finalized agreements, and operational milestones that could affect NeoVolta’s financial position and strategic outlook.