Court preliminarily approves derivative lawsuit settlement for Flux Power; governance changes required

Flux Power Holdings, Inc.

Preliminary approval granted for settlement of Pearl v. Dutt derivative action in S.D. California.
Settlement requires corporate governance reforms and $425,000 payment for attorneys' fees and expenses.
Company's liability insurers to directly fund approximately $187,000 of the attorney's fees.
Final settlement approval hearing scheduled for April 2, 2026.
Stipulation and Notice of Pendency filed as exhibits to the 8-K.

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