---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-001352"
form_type: "8-K"
ticker: "FLUX"
cik: "0001083743"
company_name: "Flux Power Holdings, Inc."
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:11:03.997695+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Flux Power ups SVB credit line to $14M; removes liquidity ratio covenant

## Summary
- Increased revolving credit line with SVB from $8M to $14M, net $6M increase.
- Removed liquidity ratio financial covenant, amended borrowing base to include Net Orderly Liquidation Value.
- Proceeds to fund inventory and receivables for increased customer demand and fiscal 2023 growth goals.
- Paid SVB a $10,000 non-refundable amendment fee plus legal expenses.

## SEC filing metadata
- accession: 0001493152-23-001352
- form_type: 8-K
- ticker: FLUX
- cik: 0001083743
- company_name: Flux Power Holdings, Inc.
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083743/000149315223001352/0001493152-23-001352-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083743/000149315223001352/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-001352
- JSON: https://secwatch.observer/filing/0001493152-23-001352.json
- Plain text: https://secwatch.observer/filing/0001493152-23-001352.txt

## Key facts
- Material Agreements
  Flux Power Holdings, Inc. amended Fourth Amendment to Loan and Security Agreement with Silicon Valley Bank valued at $14.0 million (effective 2023-01-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Value: $14.0 million
  - Effective: 2023-01-10
  source text: On January 10, 2023, 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 Fourth Amendment to Loan and Security Agreement (the “Fourth 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, as further amended on June 23, 2022, and as further amended on November 7, 2022 (together with the Fourth Amendment, the “Agreement”), including but not limited to, (i) increasing the amount of the revolving line of credit from $8.0 million to $14.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223001352/0001493152-23-001352-index.htm

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