Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Flux Power Holdings, Inc. (FLUX)

Flux Power Still in Default on GBC Loan After Seventh Amendment

Negative Impact 4 of 5 financing Written later

On September 17, 2026, Flux Power Holdings and its subsidiary Flux Power, Inc. entered Amendment No. 7 to their Loan and Security Agreement with Gibraltar Business Capital, LLC (GBC). The filing states the company remains in default, and GBC has reserved the right to end access to its revolving credit facility and declare all obligations immediately due. The amendment adds a requirement to complete an equity sale with net proceeds of at least $4.0 million within 50 days, which shareholders should weigh against the default and lender remedies.

Key points

  • The company remains in default under the Loan and Security Agreement dated July 28, 2023; GBC has allowed continued revolver access but reserved its rights to terminate commitments and accelerate obligations.
  • An equity sale with net proceeds of at least $4.0 million must be completed within 50 days of September 17, 2026.
  • The company agreed to pay GBC a non-refundable amendment fee of $135,000, in three $45,000 installments due September 17, October 17 and November 16, 2026.
  • The EBITDA minimum financial covenant will be amended within 90 days, and material deviations from budgets constitute an immediate event of default.

The filing

CompanyFlux Power Holdings, Inc. (FLUX)
Form8-K, current report
Filed with the SECSep 18, 2026, 4:33 PM ET
Accession number0001493152-26-043365

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 18, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.