Flux Power amends Gibraltar Business Capital loan pact, remains in default

Bitget2026/09/18 20:34

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Flux Power Holdings entered Amendment No. 7 to its loan and security agreement with Gibraltar Business Capital, effective Sept. 17, 2026.
New covenant requires an equity sale raising at least USD 4 million in net proceeds within 50 days.
Lender gained tighter reporting controls; material budget deviations trigger an immediate event of default.
Parties plan to revise the EBITDA minimum covenant within 90 days, while the company remains in default.
Gibraltar kept revolving credit access available, while reserving rights to cut off borrowing and accelerate repayment; amendment fee totals USD 135,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flux Power Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-043365), on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Flux Power amends Gibraltar Business Capital loan pact, remains in default

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