---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004610"
form_type: "8-K"
ticker: "FLUX"
cik: "0001083743"
company_name: "Flux Power Holdings, Inc."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T10:35:23.422848+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Flux Power amends credit agreement with GBC, ups revolver to $16M

## Summary
- Revolver commitment increased from $15M to $16M via Amendment No. 2, effective Jan 30, 2024.
- Gibraltar Business Capital receives a $7,500 second amendment closing fee and a $10,000 amendment fee.
- Eligible Accounts definition updated; concentration caps raised for 6 named debtors including PepsiCo and Crown Equipment.
- EBITDA minimum covenant reset for each trailing three-month period through June 2025, starting at ($1.607M) in Jan 2024.

## SEC filing metadata
- accession: 0001493152-24-004610
- form_type: 8-K
- ticker: FLUX
- cik: 0001083743
- company_name: Flux Power Holdings, Inc.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083743/000149315224004610/0001493152-24-004610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083743/000149315224004610/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004610
- JSON: https://secwatch.observer/filing/0001493152-24-004610.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004610.txt

## Key facts
- Debt Financings
  Flux Power Holdings, Inc. amended credit facility of from $15 million to $16 million with Gibraltar Business Capital, LLC.
  - Instrument: credit facility
  - Principal: from $15 million to $16 million
  - Counterparty: Gibraltar Business Capital, LLC
  - Event: amendment
  source text: oan and Security Agreement (the “Second Amendment”) with Gibraltar Business Capital, LLC (“GBC”), which amended certain terms of the Loan and Security Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315224004610/0001493152-24-004610-index.htm
- Material Agreements
  Flux Power Holdings, Inc. amended Amendment No. 2 to Loan and Security Agreement with Gibraltar Business Capital, LLC (effective 2024-01-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Gibraltar Business Capital, LLC
  - Effective: 2024-01-30
  source text: On January 30, 2024, 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 Amendment No. 2 to Loan and Security Agreement (the “Second Amendment”) with Gibraltar Business Capital, LLC (“GBC”), which amended certain terms of the Loan and Security Agreement dated July 28, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315224004610/0001493152-24-004610-index.htm

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