---
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"
generated_at: "2026-06-08T21:56:49.035300+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Flux Power secures $2M subordinated credit facility with Cleveland Capital; terminates prior $4M facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039226
- JSON: https://secwatch.observer/filing/0001493152-23-039226.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039226.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: up to $2,000,000
  - Counterparty: Cleveland Capital, L.P.
  - Rate: Secured Overnight Financing Rate plus nine percent (9%) per annum
  - Maturity: August 15, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $2,000,000
  - Counterparty: Cleveland Capital, L.P.
  - Rate: Secured Overnight Financing Rate plus nine percent (9%) per annum
  - Maturity: August 15, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm
- Material Agreements
  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).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Cleveland, Herndon Plant Oakley, Ltd., and other lenders
  - Value: up to $4 million in commitment amount
  - Effective: 2023-11-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm
- Material Agreements
  Flux Power Holdings, Inc. entered into Credit Facility with Cleveland Capital, L.P. valued at $2,000,000 (effective 2023-11-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Cleveland Capital, L.P.
  - Value: $2,000,000
  - Effective: 2023-11-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm

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