secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001493152-24-031774
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flux Power amends loan EBITDA covenant with GBC; negative EBITDA allowed through 2024, positive from Jan 2025
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- Covenant permits negative EBITDA through Q4 2024 (-$1.67M to -$449k) then positive from Q1 2025 ($153k to $1.44M trailing).
- Company paid $50,000 amendment fee to Gibraltar Business Capital on May 31, 2024.
- Covenant applies only during Financial Covenant Trigger Periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315224031774/0001493152-24-031774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315224031774/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031774

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