NeoVolta increases ownership of NeoVolta Power to 80%

NeoVolta (NEOV) announced an updated ownership structure for NeoVolta Power, its U.S. battery energy storage system manufacturing joint venture in Pendergrass, Georgia. Under the revised structure, NeoVolta has increased its ownership interest in NeoVolta Power from 60% to 80%. The remaining 20% ownership interest will continue to be held by CCC under the governing agreements. NeoVolta retains full board and operational control of NeoVolta Power and does not grant any minority investor the ability to direct or control key operational or strategic decisions.