Flux Power Announces Pricing of $10.8 Million Public Offering and Uplisting to the Nasdaq Capital Market

VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (“Flux Power”) (OTCQB: FLUX NASDAQ: FLUX), a developer of advanced lithium industrial batteries for commercial and industrial equipment, today announced the pricing of a $10.8 million underwritten public offering of 2,695,000 shares of common stock at a public offering price of $4.00 per share. Flux Power has also granted to the underwriters a 30-day option to acquire an additional 404,250 shares to cover overallotments in connection with the offering. The offering is expected to close on August 18, 2020, subject to the satisfaction of customary closing conditions. Flux Power intends to use the net proceeds of the offering for working capital and general corporate purposes.