false
0001083743
0001083743
2025-08-31
2025-08-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 31, 2025
FLUX
POWER HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
| Nevada |
|
001-31543 |
|
92-3550089 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
| 2685
S. Melrose Drive, Vista, California |
|
92081 |
| (Address of Principal Executive
Offices) |
|
(Zip Code) |
877-505-3589
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol |
|
Name
of each exchange on which registered |
| Common Stock, $0.001 par value |
|
FLUX |
|
Nasdaq Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01 - Entry into a Material Definitive Agreement
On
September 4, 2025, Flux Power Holdings, Inc. (the “Registrant”), Flux Power, Inc., a wholly-owned subsidiary of the Registrant
(“Flux” and together with the Registrant, the “Company”), entered into Amendment No. 6 to Loan and Security Agreement
(the “Sixth Amendment”) with Gibraltar Business Capital, LLC (“GBC”), with the effective date of August 31, 2025.
The Sixth Amendment amended certain terms of the Loan and Security Agreement, dated as of July 28, 2023, by and among the Company and
GBC, which included (i) modifications to the EBITDA minimum financial covenant of the Company, and (ii) an extension of the maturity
date from August 31, 2025 to September 15, 2025, subject to acceleration or further extension pursuant to the terms of the Loan and Security
Agreement.
The
foregoing description of the Sixth Amendment does not purport to be a complete description of the terms and is qualified in its entirety
by reference to the full text of the Sixth Amendment, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and
incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits
| Exhibit |
|
Exhibit
Description |
| 10.1 |
|
Amendment No. 6 to the Loan and Security Agreement |
| 104 |
|
Cover Page Interactive
Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
Flux Power Holdings, Inc. |
| |
a Nevada corporation |
| |
|
|
| |
By: |
/s/ Krishna
Vanka |
| |
|
Krishna Vanka |
| |
|
Chief Executive Officer |
| |
|
|
| Dated: September 5, 2025 |
|
|
