Flux Power settles class action for $1.75M; insurers to fund $1.15M

Flux Power Holdings, Inc.

Settlement term sheet signed July 11, 2025 to resolve Kassam v. Flux Power Holdings class action (Case No. 3:25-cv-00113-JO-DDL).
Company establishes $1.75M escrowed settlement fund covering payments, attorneys' fees, and administration expenses.
Insurers are expected to fund approximately $1.15M; company contribution estimated at $600k as retention/deductible.
Settlement covers common stock purchasers between Nov 15, 2021 and Feb 14, 2025; no admission of liability.
Final settlement requires definitive agreement within 45 days and court approval; parties revert if not approved.

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