{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-039226","form_type":"8-K","ticker":"FLUX","cik":"0001083743","company_name":"Flux Power Holdings, Inc.","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.160608+00:00","generated_at":"2026-06-08T21:56:49.035300+00:00","sec_items":["1.01","1.02","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Flux Power secures $2M subordinated credit facility with Cleveland Capital; terminates prior $4M facility","bullets":["New $2M subordinated line from Cleveland Capital, matures Aug 15, 2025; interest at SOFR+9%.","Issued warrants to purchase 41,196 shares at $3.24/share, exercisable for 5 years.","Prior $4M subordinated LOC with Cleveland terminated with no outstanding draws.","Also disclosed: $15M secured facility with Gibraltar (July 28, 2023), no warrants, expandable to $20M.","ATM offering terminated Oct 5, 2023; new S-3 shelf registration filed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-039226","json":"https://secwatch.observer/filing/0001493152-23-039226.json","markdown":"https://secwatch.observer/filing/0001493152-23-039226.md","text":"https://secwatch.observer/filing/0001493152-23-039226.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:56:49.035300+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":"930bdf604b81e8e12a7fd9b0ee77b5ed8bdf9baa","claim":"Flux Power Holdings, Inc. incurred credit facility of up to $2,000,000 with Cleveland Capital, L.P. at Secured Overnight Financing Rate plus nine percent (9%) per annum maturing August 15, 2025.","evidence_excerpt":"On November 2, 2023, Flux Power Holdings, Inc. (the “Company”) entered into a Credit Facility Agreement (the “Credit Facility”) with Cleveland Capital, L.P., a Delaware limited partnership (the “Lender”). The Credit Facility provides the Company with a line of credit of up to $2,000,000 for working capital purposes (“LOC”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $2,000,000"},{"label":"Counterparty","value":"Cleveland Capital, L.P."},{"label":"Rate","value":"Secured Overnight Financing Rate plus nine percent (9%) per annum"},{"label":"Maturity","value":"August 15, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a859678974b34c5246f591f29aa7167bb9de2a73","claim":"Flux Power Holdings, Inc. incurred loan of $2,000,000 with Cleveland Capital, L.P. at Secured Overnight Financing Rate plus nine percent (9%) per annum maturing August 15, 2025.","evidence_excerpt":"In connection with the LOC, the Company issued a subordinated unsecured promissory note for $2,000,000 (the “Commitment Amount”) in favor of the Lender (the “Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$2,000,000"},{"label":"Counterparty","value":"Cleveland Capital, L.P."},{"label":"Rate","value":"Secured Overnight Financing Rate plus nine percent (9%) per annum"},{"label":"Maturity","value":"August 15, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3271d21c6b53616c9db1cb6ce32d6d122718375d","claim":"Flux Power Holdings, Inc. terminated 2022 LOC with Cleveland, Herndon Plant Oakley, Ltd., and other lenders valued at up to $4 million in commitment amount (effective 2023-11-02).","evidence_excerpt":"On November 2, 2023, the Credit Facility Agreement dated May 11, 2022 (the “Subordinated LOC”) with Cleveland, Herndon Plant Oakley, Ltd., and other lenders (collectively, the “Lenders”) for a line of credit for up to $4 million in commitment amount (the “2022 LOC”) was terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Cleveland, Herndon Plant Oakley, Ltd., and other lenders"},{"label":"Value","value":"up to $4 million in commitment amount"},{"label":"Effective","value":"2023-11-02"}],"fact_type":"material_agreement"},{"claim_id":"c4d5a9d6d1447f214a490a2dfc702722fe888174","claim":"Flux Power Holdings, Inc. entered into Credit Facility with Cleveland Capital, L.P. valued at $2,000,000 (effective 2023-11-02).","evidence_excerpt":"On November 2, 2023, Flux Power Holdings, Inc. (the “Company”) entered into a Credit Facility Agreement (the “Credit Facility”) with Cleveland Capital, L.P., a Delaware limited partnership (the “Lender”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Cleveland Capital, L.P."},{"label":"Value","value":"$2,000,000"},{"label":"Effective","value":"2023-11-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}