---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-031333"
form_type: "8-K"
ticker: "FLUX"
cik: "0001083743"
company_name: "Flux Power Holdings, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:11:01.031849+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Flux Power extends SVB loan maturity to May 2023, eases EBITDA covenants

## Summary
- Maturity date extended from Nov 7, 2022 to May 7, 2023 under Third Amendment to Loan Agreement.
- EBITDA covenant relaxed: trailing 6-month loss not to exceed $4.5M (Oct 2022) improving to $750K (May 2023).
- Permitted Liens amended to allow up to $500K in equipment financing from Alliance Funding Group.
- Company paid $12,500 non-refundable amendment fee plus SVB legal fees.

## SEC filing metadata
- accession: 0001493152-22-031333
- form_type: 8-K
- ticker: FLUX
- cik: 0001083743
- company_name: Flux Power Holdings, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083743/000149315222031333/0001493152-22-031333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083743/000149315222031333/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031333
- JSON: https://secwatch.observer/filing/0001493152-22-031333.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031333.txt

## Key facts
- Debt Financings
  Flux Power Holdings, Inc. amended credit facility with Silicon Valley Bank maturing May 7, 2023.
  - Instrument: credit facility
  - Counterparty: Silicon Valley Bank
  - Maturity: May 7, 2023
  - Event: amendment
  source text: “Third Amendment”) with Silicon Valley Bank (“SVB”), which amended certain terms of the Loan and Security Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315222031333/0001493152-22-031333-index.htm
- Material Agreements
  Flux Power Holdings, Inc. amended Third Amendment to Loan and Security Agreement with Silicon Valley Bank (effective 2022-11-07).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Effective: 2022-11-07
  source text: On November 7, 2022, Flux Power, Inc. (“Flux”), a wholly-owned subsidiary of Flux Power Holdings, Inc. (the “Registrant” and together with Flux, the “Company”), and the Registrant entered into a Third Amendment to Loan and Security Agreement (“Third Amendment”) with Silicon Valley Bank (“SVB”), which amended certain terms of the Loan and Security Agreement dated November 9, 2020, as amended on October 29, 2021, and as further amended on June 23, 2022 (together with the Third Amendment, the “Agreement”), including but not limited to, (i) extending the maturity date from November 7, 2022 to May 7, 2023 (the “Extension Period”), (ii) amending the financial covenants of the Company to cover the Extension Period, and (iii) amending the definition of Permitted Liens (as defined in the Third Amendment).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315222031333/0001493152-22-031333-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.