secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001493152-25-003979
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flux Power amends EBITDA covenant with Gibraltar, sets negative minimums
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315225003979/0001493152-25-003979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315225003979/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-003979

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