Flux Power Defaults on Debt Covenant, $6.5M Loan at Risk
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Flux Power has reported an Event of Default after failing to meet its minimum EBITDA covenant for the quarter ended March 31, 2026, under its loan agreement with Gibraltar Business Capital. Approximately $6.5 million remains outstanding under the loan. This development actualizes the 'substantial doubt about its ability to continue as a going concern due to an impending debt covenant breach' that the company disclosed in its Q2 2026 10-Q filing. While GBC is currently negotiating an amendment or waiver, it retains the right to limit credit line access or declare the entire outstanding obligation immediately due, posing a significant liquidity and operational risk for Flux Power. Investors should closely monitor the outcome of these renegotiations and any potential impact on the company's financial stability.
この発表時点で、FLUXは$1.12で取引されており、市場はNASDAQ、セクターはIndustrial Applications And Services、時価総額は約$2390.1万でした。 52週の取引レンジは$0.97から$7.55でした。 このニュースはネガティブの市場センチメント、重要度スコア9/10と評価されました。 出典：Wiseek News。