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NeoVolta Power agrees to buy battery storage manufacturing equipment from Can Current for $9 million

PUBT·04/21/2026 20:55:47
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NeoVolta Power agrees to buy battery storage manufacturing equipment from Can Current for $9 million
  • NeoVolta Power agreed to buy battery energy storage manufacturing equipment from Can Current under an asset purchase agreement dated April 15, 2026.
  • Purchase price set at USD 9 million, payable in milestone-based installments.
  • Payment schedule calls for USD 2 million on shipment, USD 3 million on delivery to facility, USD 4 million on completion of commissioning.
  • Buyer will also pay excess U.S. tariffs, customs duties, related customs bond expenses tied to equipment import.
  • Title transfers to NeoVolta Power upon seller receipt of full purchase price.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NeoVolta Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-003110), on April 21, 2026, and is solely responsible for the information contained therein.