Flux Power Holdings entered Amendment No. 7 to its Loan and Security Agreement with Gibraltar Business Capital on September 17, 2026. The amendment requires the company to raise at least $4.0 million in net equity proceeds within 50 days and renegotiate EBITDA covenants within 90 days. Flux remains in default but retains access to its revolving credit facility, subject to GBC's right to terminate commitments or accelerate debt immediately. The company agreed to pay a non-refundable amendment fee of $135,000, split into three payments of $45,000 due on September 17, October 17, and November 16, 2026. Flux Power Holdings manufactures battery systems for electric vehicles.
