Flux Power remains in default; Amendment to loan requires $4M equity raise in 50 days

Flux Power Holdings, Inc.

• Company remains in default under Gibraltar Business Capital loan; amendment adds new covenants.
• Must complete equity raise of at least $4.0M net proceeds within 50 days of Sept 17, 2026, or immediate default.
• Must deliver 13-week budget within 15 days, updated budget within 30 days, and weekly compliance reports.
• Amendment fee of $135,000 payable in three $45,000 installments due Sept 17, Oct 17, Nov 16 2026.
• Parties to amend EBITDA minimum covenant within 90 days; lender retains rights to demand full payment.