---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-035146"
form_type: "8-K"
ticker: "FLUX"
cik: "0001083743"
company_name: "Flux Power Holdings, Inc."
filed_at: "2024-09-05T23:59:59+00:00"
generated_at: "2026-05-31T06:11:03.618025+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Flux Power restates FY2023 and FY2024 interim financials due to $1.7M inventory write-down

## Summary
- Approximately $1.2M excess/obsolete inventory not properly reserved due to battery cell supplier change; $0.5M loaner packs misclassified as finished goods.
- Gibraltar Business Capital waived non-compliance; $16M credit facility remains available subject to conditions.
- Additional material weakness in internal control over financial reporting identified; remediation led by new CFO Kevin Royal.
- Board evaluating impact on FY2022, 2021, 2020 financials; further restatements may follow.

## SEC filing metadata
- accession: 0001493152-24-035146
- form_type: 8-K
- ticker: FLUX
- cik: 0001083743
- company_name: Flux Power Holdings, Inc.
- filed_at: 2024-09-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083743/000149315224035146/0001493152-24-035146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083743/000149315224035146/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-035146
- JSON: https://secwatch.observer/filing/0001493152-24-035146.json
- Plain text: https://secwatch.observer/filing/0001493152-24-035146.txt

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