regulatory
confidence high
sentiment negative
materiality 0.85
Flux Power Holdings, Inc. (FLUX): Nasdaq/NYSE listing notice — Flux Power receives Nasdaq delisting notice for equity deficiency
Flux Power Holdings, Inc.
- Stockholders' equity of $194,000 as of June 30, 2024, below $2.5M minimum required by Nasdaq Listing Rule 5550(b)(1).
- Must submit a compliance plan to Nasdaq by March 17, 2025; Nasdaq may grant up to 180 days to regain compliance.
- Trading of common stock (FLUX) continues on Nasdaq Capital Market while company evaluates options.
- Risk of suspension or delisting if plan is not accepted or compliance not achieved within extension period.