---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013871"
form_type: "8-K"
ticker: "FLUX"
cik: "0001083743"
company_name: "Flux Power Holdings, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:04:07.112967+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Flux Power extends $14M credit facility maturity to Dec 31, 2023, waives March EBITDA covenant

## Summary
- Extended maturity from May 7, 2023 to Dec 31, 2023; waived EBITDA covenant for March 31, 2023.
- Renewed $14M SVB revolving line of credit; $30k amendment fee plus legal fees payable.
- Company also has unused $5M Cleveland Capital credit facility and ATM facility.
- CEO cites strong purchase orders, improving backlog, and path to near-term profitability.

## SEC filing metadata
- accession: 0001493152-23-013871
- form_type: 8-K
- ticker: FLUX
- cik: 0001083743
- company_name: Flux Power Holdings, Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/1083743/000149315223013871/0001493152-23-013871-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083743/000149315223013871/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013871
- JSON: https://secwatch.observer/filing/0001493152-23-013871.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013871.txt

## Key facts
- Material Agreements
  Flux Power Holdings, Inc. amended Fifth Amendment to Loan and Security Agreement with Silicon Valley Bank, a division of First Citizens Bank valued at Thirty Thousand Dollars ($30,000.00) (effective 2023-04-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank, a division of First Citizens Bank
  - Value: Thirty Thousand Dollars ($30,000.00)
  - Effective: 2023-04-27
  source text: On April 27, 2023, Flux Power Holdings, Inc. (the “Registrant”) and Flux Power, Inc., a wholly-owned subsidiary of the Registrant (“Flux”, and together with the Registrant, the “Company”), entered into a Fifth Amendment to Loan and Security Agreement (the “Fifth Amendment”) with Silicon Valley Bank, a division of First Citizens 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, as further amended on November 7, 2022, and as further amended on January 10, 2023 (together with the Fifth Amendment, the “Agreement”), including but not limited to, (i) extending the maturity date from May 7, 2023 to December 31, 2023 (the “Extension Period”), (ii) amending the EBITDA financial covenant of the Company to cover the Extension Period, and (iii) amending the definition of EBITDA (as defined in the Fifth Amendment).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223013871/0001493152-23-013871-index.htm

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