Flux Power prices 3.84M shares at $2.50 in underwritten public offering

Flux Power (FLUX) Holdings announced the pricing of an underwritten public offering of 3,840,000 shares of its common stock at a public offering price of $2.50 per share, before underwriting discounts and commissions. In addition, Flux Power has granted the underwriter a 30-day option to purchase up to an additional 576,000 shares of common stock at the public offering price, less underwriting discounts and commissions, to cover over-allotments. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Flux Power, are expected to be approximately $9.6M, excluding any exercise of the underwriter’s option to purchase additional shares. The offering is expected to close on November 3, 2025, subject to the satisfaction of customary closing conditions. Lake Street Capital Markets is acting as sole book-running manager for the offering.