secwatch.observer — SEC 8-K summary
======================================

Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001493152-23-001352
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223001352/0001493152-23-001352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223001352/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001352

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer