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  4. [8-K] Flux Power Holdings, Inc. Reports Material Event

Flux Power (NASDAQ: FLUX) adjusts EBITDA covenant and loan maturity

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Flux Power Holdings, Inc. entered into Amendment No. 6 to its Loan and Security Agreement with Gibraltar Business Capital, LLC, effective August 31, 2025. The amendment modifies the company’s minimum EBITDA financial covenant and extends the loan’s maturity date from August 31, 2025 to September 15, 2025, with the new date still subject to possible acceleration or further extension under the agreement’s terms. The amendment reflects an updated understanding between the lender and Flux Power and is filed as Exhibit 10.1 to this report.

Positive

  • None.

Negative

  • None.

Insights

Flux Power secured a short loan maturity extension and adjusted its EBITDA covenant, modestly updating its credit terms.

Flux Power Holdings, Inc. amended its Loan and Security Agreement with Gibraltar Business Capital, LLC via a Sixth Amendment effective August 31, 2025. The changes include a modification to the minimum EBITDA covenant and an extension of the loan maturity from August 31, 2025 to September 15, 2025, with the new date still subject to acceleration or further extension as permitted in the contract.

Adjusting an EBITDA covenant typically reflects updated expectations for operating performance agreed between lender and borrower, while the short-dated maturity extension keeps the facility in place slightly longer under revised terms. The impact on Flux Power’s financial position will depend on how future covenants and any subsequent extensions or refinancings are structured, as disclosed in later filings.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Understanding 8-K Material Events →
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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    

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What did Flux Power Holdings (FLUX) announce in this 8-K?

Flux Power Holdings, Inc. reported that it entered into Amendment No. 6 to its Loan and Security Agreement with Gibraltar Business Capital, LLC, effective August 31, 2025, updating certain loan terms.

How did the loan maturity date change for Flux Power Holdings (FLUX)?

The amendment extended the loan’s maturity date from August 31, 2025 to September 15, 2025, with that date still subject to acceleration or further extension under the agreement.

What covenant was modified in Flux Power’s loan agreement?

The amendment changed the company’s minimum EBITDA financial covenant under the existing Loan and Security Agreement with Gibraltar Business Capital, LLC.

Who is Flux Power’s lender under this amended agreement?

The lender under the amended Loan and Security Agreement is Gibraltar Business Capital, LLC.

Where can investors find the full terms of the Sixth Amendment for Flux Power (FLUX)?

The complete text of Amendment No. 6 to the Loan and Security Agreement is filed as Exhibit 10.1 to this report and incorporated by reference.

Who signed the 8-K for Flux Power Holdings (FLUX)?

The report was signed on behalf of Flux Power Holdings, Inc. by Krishna Vanka, the company’s Chief Executive Officer, dated September 5, 2025.