Recent Updates — FLUX
Flux Power Holdings entered Amendment No. 7 to its Loan and Security Agreement with Gibraltar Business Capital on September 17, 2026. The amendment requires the company to raise at least $4.0 million in net equity proceeds within 50 days and renegotiate EBITDA covenants within 90 days. Flux remains in default but retains access to its revolving credit facility, subject to GBC's right to terminate commitments or accelerate debt immediately. The company agreed to pay a non-refundable amendment fee of $135,000, split into three payments of $45,000 due on September 17, October 17, and November 16, 2026. Flux Power Holdings manufactures battery systems for electric vehicles.
On September 8, 2026, Jeff Mason tendered his resignation as Chief Operating Officer of Flux Power Holdings, Inc., effective September 25, 2026. In connection with the departure, Mr. Mason and the Company entered into a separation agreement requiring a payment of $5,000 within ten days, contingent upon his execution of a general release of claims. Flux Power Holdings, Inc. operates in the battery manufacturing industry, designing and producing lithium-ion batteries for electric vehicles and material handling equipment.
Flux Power Holdings reported fiscal fourth quarter and full year results for the period ended June 30, 2026. Q4 revenue was $8.2 million, a 25% sequential increase but down from $16.7 million in the prior-year quarter. Full-year revenue totaled $42.1 million versus $66.4 million in fiscal 2025. The company posted a net loss of $2.3 million ($0.11 per share) for Q4 and $7.4 million ($0.38 per share) for the full year. Operating expenses decreased approximately 33% year-over-year to $4.4 million in Q4, driven by headcount reductions and streamlined operations. Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions and fleet intelligence technology.
Flux Power Holdings, Inc. received notice from Nasdaq on July 24, 2026, that its common stock failed to maintain the $1.00 minimum bid price requirement for 30 consecutive business days. The company has an 180-day compliance period to regain adherence by achieving a closing bid price of at least $1.00 for ten consecutive trading days. Failure to comply may result in delisting, though an additional 180-day extension is possible if other listing standards are met. Flux Power Holdings, Inc. operates in the industrial battery and energy storage industry.