secwatch.observer — SEC 8-K summary
======================================

Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001493152-24-004610
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315224004610/0001493152-24-004610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315224004610/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004610

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer