8-K - Flux Power Holdings, Inc. | StockGist

AI Analysis

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Flux Power Holdings, Inc. failed to meet a minimum EBITDA covenant under its loan agreement as of March 31, 2026, triggering an event of default and potential acceleration of approximately $6.5 million in debt.

Key Takeaways

1The company failed to comply with a minimum EBITDA financial covenant for the trailing three-month period ended March 31, 2026.

2This failure constitutes an event of default under the Loan and Security Agreement with Gibraltar Business Capital, LLC.

3The lender may declare all obligations immediately due and payable, which totaled approximately $6.5 million as of March 31, 2026.

4The company is negotiating an amendment or waiver with the lender, but there are no assurances of success.

5The lender has allowed continued access to the line of credit during negotiations but can limit access at any time.

Current Report Details

Event Type

Other Event

Disclosure

Voluntary

Variant

8-K

Items Reported

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 co

Other Event

$6.5M

Transaction Details

Debt / Financing

Instrument: Loan and Security Agreement
Principal: 6.5

Exhibits (1)

8-K