regulatory
confidence high
sentiment negative
materiality 0.85
Flux Power Holdings, Inc. (FLUX): Nasdaq/NYSE listing notice — Flux Power receives Nasdaq delisting notice; equity deficit of $4.4M as of March 31
Flux Power Holdings, Inc.
- Stockholders' equity was ($4,372,000) at March 31, 2025; failed to regain compliance with Nasdaq's $2.5M minimum.
- Trading in FLUX common stock to be suspended at open on August 11, 2025 unless appeal is filed by August 7.
- Company intends to request a hearing before a Nasdaq Hearings Panel, which would stay suspension pending decision.
- Raising up to $5.0M via private placement and reduced workforce by ~15% to lower cash burn.
- Exploring additional equity capital; no assurance that Nasdaq will grant continued listing.