Flux Power Holdings (FLUX) has disclosed a new risk, in the Accounting & Financial Operations category.
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Flux Power Holdings faces significant business risks from the restatement of its financial statements, leading to increased costs, potential legal proceedings, and challenges in maintaining Nasdaq compliance. The company has incurred unexpected expenses related to accounting, legal, and consultancy services, with the possibility of further costs due to a potential SEC investigation and ongoing litigation. These issues may divert management’s attention, damage its reputation, and impact its stock price adversely. The uncertainty surrounding the outcomes of these legal proceedings poses a material threat to its business operations and financial stability.
The average FLUX stock price target is $3.00, implying 80.72% upside potential.
To learn more about Flux Power Holdings’ risk factors, click here.
