Form 8-K
8-K — Flux Power Holdings, Inc.
Accession: 0001493152-26-015053
Filed: 2026-04-03
Period: 2026-03-31
CIK: 0001083743
SIC: 3690 (MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES)
Item: Other Events
Documents
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): March 31, 2026
FLUX
POWER HOLDINGS, INC.
(Exact
name of registrant as specified in charter)
Nevada
001-31543
92-3550089
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(I.R.S.
Employer
Identification
No.)
2685
S. Melrose Drive
Vista,
CA 92081
(Address
of principal executive offices, including Zip Code)
Registrant’s
telephone number, including area code: 877-505-3589
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title of each
class
Trading Symbol(s)
Name of each
exchange on which registered
Common Stock, $0.001 par
value per share
FLUX
The
Nasdaq Global Market LLC
(Nasdaq
Capital Market)
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01. Other Events.
On
March 31, 2026, Flux Power Holdings, Inc. (the “Company”) determined that the Company failed to comply with the minimum EBITDA
financial covenant for the trailing three-month period ended March 31, 2026 under the Loan and Security Agreement, dated as of July 28,
2023 (as amended to date, the “Loan Agreement”), by and between the Company and Gibraltar Business Capital, LLC (“GBC”),
which resulted in an “Event of Default” under the Loan Agreement. The Company is working with GBC to negotiate an amendment
to the Loan Agreement or otherwise obtain a waiver from GBC. GBC has allowed the Company to continue to have access to its line of credit
under the Loan Agreement while negotiations continue, however, GBC can choose to limit this access at any time until the Company can
successfully negotiate an amendment to the Loan Agreement or obtain a waiver from GBC. While the Company has in the past successfully
renegotiated the terms of the Loan Agreement, and is optimistic about its ability to do so again, there can be no assurances that the
Company will be able to negotiate an amendment to the Loan Agreement or obtain a waiver from GBC on terms favorable to the Company or
at all. In addition, upon the occurrence of an Event of Default under the Loan Agreement, GBC may, at its option, declare its commitments
to the Company terminated and all obligations of the Company under the Loan Agreement immediately due and payable, all without demand,
notice or further action of any kind required on the part of GBC, and/or exercise other remedies available to it, which include, among
other things, its rights as a secured party under the Loan Agreement. As of March 31, 2026, the outstanding balance under the Loan Agreement
was approximately $6.5 million.
Forward-Looking
Statements
This
Current Report on Form 8-K contains “forward-looking statements” relating to the Company’s business, that are often
identified using “believes”, “expects”, or similar expressions. Forward-looking statements involve several estimates,
assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed,
estimated, expected, etc. Accordingly, statements are not guarantees of future results. Some of the factors that could cause the Company’s
actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to, risks
and uncertainties related to the Company’s ability to negotiate an amendment to the Loan Agreement or obtain a waiver from GBC
and the Company’s continued access to its line of credit under the Loan Agreement. Actual results could differ from those projected
due to numerous factors and uncertainties. Although the Company believes that the expectations, opinions, projections, and comments reflected
in these forward-looking statements are reasonable, the Company can give no assurance that such statements will prove to be correct,
and that the Company’s actual results of operations, financial condition and performance will not differ materially from the
results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue
reliance should not be placed on the forward-looking statements and investors should refer to the risk factors outlined in the “Risk
Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 and the Company’s
subsequent filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date hereof, and
the Company assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except
as required by law.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: April 3, 2026
Flux Power Holdings, Inc.
By:
/s/ Kevin Royal
Kevin Royal
Chief Financial Officer
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Entity File Number
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Entity Registrant Name
FLUX
POWER HOLDINGS, INC
Entity Central Index Key
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Entity Tax Identification Number
92-3550089
Entity Incorporation, State or Country Code
NV
Entity Address, Address Line One
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Entity Address, City or Town
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Entity Address, State or Province
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City Area Code
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Local Phone Number
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