An Uphill Battle for Flux Power Holdings, Inc.
Flux Power Holdings, Inc., a visionary in cutting-edge lithium-ion energy solutions for industrial and commercial electrification, has hit a snag. In a recent turn of events, the company received a letter from Nasdaq, highlighting its failure to meet the Nasdaq Listing Rule 5250(c)(1) due to the untimely filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, with the SEC.
Charting a Path to Compliance
While this notification doesn’t immediately impact Flux Power’s stock listing on Nasdaq, the company now faces a critical crossroads. Nasdaq regulations afford Flux Power 60 days to craft and present a plan to Nasdaq to rectify the non-compliance issue. If Nasdaq accepts the plan, Flux Power may have up to 180 additional days from the original filing deadline to regain compliance.
Steering Towards Compliance
Flux Power is leaving no stone unturned in its bid to swiftly complete and submit its Form 10-K, aiming to align with the Listing Rule in the nearest term possible. The company’s concerted efforts underscore its commitment to adhering to Nasdaq’s stringent standards.
About Flux Power Holdings, Inc.
In the realm of cutting-edge lithium-ion energy solutions, Flux Power stands as a beacon of innovation. Specializing in empowering various industrial and commercial sectors with its lithium-ion battery packs, Flux Power equips customers with high-performing, cost-effective, and environmentally friendly alternatives to traditional energy solutions. The shift to lithium-ion technology not only reduces CO2 emissions but also enhances sustainability and ESG metrics for businesses.
