---
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"
generated_at: "2026-06-12T07:08:44.018982+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Flux Power secures $15M credit facility from Gibraltar Business Capital, refinances SVB debt

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-026533
- JSON: https://secwatch.observer/filing/0001493152-23-026533.json
- Plain text: https://secwatch.observer/filing/0001493152-23-026533.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Gibraltar Business Capital, LLC
  - Value: up to $15,000,000
  - Effective: 2023-07-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223026533/0001493152-23-026533-index.htm
- Material Agreements
  Flux Power Holdings, Inc. terminated Loan and Security Agreement with Silicon Valley Bank (effective 2023-07-28).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Effective: 2023-07-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223026533/0001493152-23-026533-index.htm

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