NEOV News

Four deals priced this past week, only two of which met the criteria to be included in our 2022 IPO stats. Biotech MAIA Biotechnology (MAIA) offered more shares and priced at the low end to raise $10 million at a $68 million market cap. MAIA’s lead candidate is expected to enter Phase 2 human trials in Australia and Europe in 2022 for NSCLC, and the company...read more

NeoVolta, which makes energy storage systems for residential and commercial solar equipment, raised $4 million by offering 0.95 million units at $4, as expected. The company offered 0.15 million fewer units than anticipated. It originally planned to offer 1.7 million units at a range of $5 to $7 before revising its terms terms several times, and most recently planned to offer 1.1...read more

Following a quiet holiday week for the IPO market, five small deals may begin trading in the week ahead, though only three meet our coverage criteria. Cutting its deal size by 45% on Tuesday, Chinese chip designer Nano Labs (NA) now plans to raise $20 million at a $613 million market cap. Fast growing and highly unprofitable, Nano Labs designs fabless computing...read more

NeoVolta, which makes energy storage systems for residential and commercial solar equipment, lowered the proposed deal size for its upcoming IPO on Wednesday. The company is currently listed on the OTCQB (NEOV). The Poway, CA-based company now plans to raise $5 million by offering 1.1 million units at $4. Each unit now consists of one share of common stock and one warrant,...read more