secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001493152-23-039226
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/0001493152-23-039226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223039226/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039226

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