Flux Power agrees to sell up to $5M in Prefunded Warrants, initial $2.9M

Flux Power Holdings, Inc.

Initial $2.9M from accredited investors via Prefunded Warrants at $19.369 each; total offering up to $5M.
Each Prefunded Warrant converts into Series A Convertible Preferred Stock at $0.001; also get 5-year Common Warrants for 50% of shares on conversion.
Series A Preferred carries 8% cumulative cash dividends, conversion at 120% of 20-day VWAP, and weighted-average anti-dilution.
Closing requires shareholder approval to increase authorized preferred to 3M shares and create Blank Check Preferred and Series A terms.
Proceeds for general corporate purposes and growth capital; securities exempt under Section 4(a)(2) and Rule 506(b).

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