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Flux Power Holdings, Inc.Bullish
Flux Power Holdings has amended its loan agreement with Gibraltar Business Capital, committing to raise at least $4 million in equity proceeds within 50 days. The company remains in default under the existing loan agreement, and the lender retains the right to terminate credit access and demand immediate repayment at any time.…more
Flux Power Holdings, Inc.
Flux Power Holdings has entered into the Seventh Amendment to its loan agreement, committing to a $135,000 amendment fee. The company is now required to complete an equity raise of at least $4 million within 50 days and adhere to strict weekly budget compliance reporting. Despite this amendment, the company remains in default, and the lender reserves the right to terminate credit access and demand immediate repayment at any time.…more
Flux Power Holdings, Inc.
Flux Power Holdings has updated its capital raising plan to issue and sell up to 38,461,538 shares of common stock to Roth Principal Investments. Additionally, Chief Operating Officer Jeff Mason resigned effective September 25, 2026, and the company entered into a separation agreement involving a $5,000 payment.…more
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Solidion Rejects Flux Power's Rejection of Acquisition Bid
Solidion Technology expressed disagreement with Flux Power's rejection of its acquisition proposal and stated it has no intention to increase its offer. The company highlighted Flux Power's ongoing capital needs and NASDAQ listing compliance risks as reasons why an acquisition is the best path forward.…more
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Flux Power has unanimously rejected an unsolicited acquisition proposal from Solidion Technology, citing that the offer significantly undervalues the company. Management remains focused on executing its internal strategy to improve margins and achieve profitability.…more
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Solidion Technology has expressed its intention to acquire Flux Power, citing the target company's deteriorating financial performance and liquidity issues. Solidion aims to address these challenges through management changes and operational restructuring.…more
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