debt
confidence high
sentiment negative
materiality 0.75
Flux Power amends EBITDA covenant with Gibraltar, sets negative minimums
Flux Power Holdings, Inc.
- Sets minimum EBITDA for trailing three-months ending Dec 2024 at ($1,324,400); July 2025 at ($655,700).
- Pays GBC $50,000 amendment fee ($25k due Mar 1, $25k due Apr 1, 2025).
- Covenant only triggers during a Financial Covenant Trigger Period; otherwise not applicable.
- Amendment modifies Section 10.1 of July 2023 Loan and Security Agreement.