On January 31, 2025, Flux Power Holdings, Inc. (FLUX) received a notice from The NASDAQ Stock Market LLC (Nasdaq) indicating that the company is not in compliance with Nasdaq Listing Rule 5550(b)(1) due to its stockholders’ equity being reported at $194,000 in its Form 10-K for the fiscal year ended June 30, 2024. The rule requires a minimum of $2,500,000 in stockholders’ equity for continued listing on The Nasdaq Capital Market.
Following the notice, Flux Power has 45 calendar days from January 31, 2025, to submit a plan to regain compliance, with a deadline of March 17, 2025. If the plan is accepted by Nasdaq, an extension of up to 180 calendar days can be granted to demonstrate compliance. In the event the plan is not accepted or if compliance is not achieved within the given timelines, the company would have the option for a hearing before an independent panel.
It is important to note that the notice and subsequent non-compliance do not have an immediate impact on Flux Power’s common stock trading on The Nasdaq Capital Market under the symbol “FLUX.”
In a forward-looking statement disclaimer, Flux Power cautions that this filing may contain forward-looking statements. These statements include the company’s ability to address compliance deficiencies, obtain relief or extended compliance periods, and potential risks associated with such matters. Flux Power emphasizes that forward-looking statements are based on current information and undertakes no obligation to update them following the report’s release.
At present, Flux Power has indicated disclosure of a Cover Page Interactive Data File as an exhibit in the filing. Additionally, the report was duly signed by Ronald F. Dutt, Chief Executive Officer of Flux Power Holdings, Inc., on February 3, 2025.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Flux Power’s 8K filing here.
About Flux Power
Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.
Read More
- Five stocks we like better than Flux Power
- What Are Dividend Challengers?
- How to Invest in Small Cap Stocks
- What is the Australian Securities Exchange (ASX)
- These Are the Dividend Stocks Insiders Bought in January
- Investing In Preferred Stock vs. Common Stock
- How the ‘No Buy’ Trend of 2025 Is Boosting These 3 Stocks
