secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001493152-22-031333
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315222031333/0001493152-22-031333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315222031333/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031333

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