Flux Power increases authorized preferred stock, creates Series A Convertible Preferred with 8% dividend

Flux Power Holdings, Inc.

Authorized preferred stock increased from 500,000 to 3,000,000 shares; 1,000,000 shares designated as Series A Convertible Preferred.
Series A Preferred carries 8% cumulative annual dividend, payable quarterly in cash or in kind at company's option.
Conversion price set at 120% of 20-day VWAP prior to initial warrant issuance; anti-dilution protections apply.
Series A Preferred ranks senior to common stock on liquidation, with voting rights on as-converted basis.
Restated articles became effective September 10, 2025; no change to common stock par value.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Flux Power Holdings, Inc.: Filed Second Amended and Restated Articles of Incorporation to increase authorized preferred shares from 500,000 to 3,000,000, grant Board authority to fix preferred stock rights, and designate 1,000,000 shares as Series A Convertible Preferred Stock (effective 2025-09-10).

Change: charter amendment
Effective: 2025-09-10

Exact text from the filing

the Company filed a Second Amended and Restated Articles of Incorporation (the “Restated Articles”) with the Secretary of State of the State of Nevada (“Nevada Secretary of State”) to among other things, (i) increase the aggregate number of authorized shares of preferred stock from 500,000 to 3,000,000, $0.001 par value per share (“Preferred Stock”), (ii) grant the Board authority to fix the rights and preferences of the preferred stock by resolution from time to time, and (iii) designate 1,000,000 shares of Preferred Stock as “Series A Convertible Preferred Stock”, $0.001 par value per share (the “Series A Preferred Stock”)

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Source: SEC EDGAR

accession 0001493152-25-013478

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