debt
confidence high
sentiment neutral
materiality 0.55
Flux Power amends two debt agreements; extends Cleveland note to Sept 30, 2025 and Gibraltar maturity to Aug 31, 2025
Flux Power Holdings, Inc.
- Cleveland Capital $2M subordinated note due date extended from Aug 15, 2025 to Sept 30, 2025; Cleveland holds 7.3% of FLUX shares.
- Gibraltar Business Capital loan maturity extended to Aug 31, 2025; conditionally extends to July 31, 2027 if Cleveland note extended to Sept 29, 2027 or converted to equity.
- Company pays Gibraltar a non-refundable amendment fee of $112,500.
- Both amendments executed July 16, 2025; no defaults or other changes to terms.