{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-026533","form_type":"8-K","ticker":"FLUX","cik":"0001083743","company_name":"Flux Power Holdings, Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.101604+00:00","generated_at":"2026-06-12T07:08:44.018982+00:00","sec_items":["1.01","1.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Flux Power secures $15M credit facility from Gibraltar Business Capital, refinances SVB debt","bullets":["$15.0M revolving credit facility with Gibraltar Business Capital, matures July 28, 2025, with no warrants.","Interest rate at SOFR plus 5.50% per annum; includes a $112,500 non-refundable closing fee.","Facility used to repay $5.035M principal plus $74,598 interest to Silicon Valley Bank, terminating prior credit agreement.","Company can increase facility to $20M in $1M increments, subject to GBC approval.","Bank of America selected as new cash management and operational banking partner."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-026533","json":"https://secwatch.observer/filing/0001493152-23-026533.json","markdown":"https://secwatch.observer/filing/0001493152-23-026533.md","text":"https://secwatch.observer/filing/0001493152-23-026533.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223026533/0001493152-23-026533-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223026533/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T07:08:44.018982+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"74e4fb58af9c402c3215bb6b4e0b5b848e61d4a1","claim":"Flux Power Holdings, Inc. entered into Loan and Security Agreement with Gibraltar Business Capital, LLC valued at up to $15,000,000 (effective 2023-07-28).","evidence_excerpt":"On July 28, 2023, Flux Power Holdings, Inc. (the “Registrant”), Flux Power, Inc., a wholly-owned subsidiary of the Registrant (“Flux” and together with the Registrant, the “Company”), entered into a certain Loan and Security Agreement (the “Agreement”) with Gibraltar Business Capital, LLC, a Delaware limited liability company (“GBC”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223026533/0001493152-23-026533-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Gibraltar Business Capital, LLC"},{"label":"Value","value":"up to $15,000,000"},{"label":"Effective","value":"2023-07-28"}],"fact_type":"material_agreement"},{"claim_id":"7d2f9c5dbefc08a670739840b886ed704c638233","claim":"Flux Power Holdings, Inc. terminated Loan and Security Agreement with Silicon Valley Bank (effective 2023-07-28).","evidence_excerpt":"the Company terminated the Loan and Security Agreement, dated as of November 9, 2020, as amended, by and among SVB, Flux and the Registrant.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223026533/0001493152-23-026533-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Silicon Valley Bank"},{"label":"Effective","value":"2023-07-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}