secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2026-09-18T20:33:42+00:00
Accession:  0001493152-26-043365
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315226043365/0001493152-26-043365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315226043365/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-043365

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