Flux Power Announces Closing of $12.4 Million Underwritten Public Offering Including Full Exercise of Over-Allotment Option

VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (“Flux Power”) (NASDAQ CM: FLUX), a developer of advanced lithium industrial batteries for commercial and industrial equipment, today announced the closing of an underwritten public offering of 3,099,250 shares of common stock priced at $4.00 per share for gross proceeds of approximately $12.4 million, which includes the full exercise of the underwriters’ over-allotment option to purchase additional shares, prior to deducting the underwriting discount and offering expenses payable by Flux Power.