Business Context and Reporting Period
Flux Power Holdings, Inc. (FLUX), a Nevada corporation, filed this Form 8-K on July 24, 2026. The report addresses a regulatory notice received from The Nasdaq Stock Market LLC regarding the company's continued listing status on the Nasdaq Capital Market.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on compliance with Nasdaq listing rules.
Material Changes
The material event reported is the receipt of a notice from Nasdaq stating that the company's common stock closing bid price remained below the $1.00 minimum requirement for 30 consecutive business days prior to July 24, 2026. This constitutes a failure to satisfy Nasdaq Listing Rule 5550(a)(2). The stock continues to trade under the symbol "FLUX" pending compliance actions.
Outlook, Risks, and Management Commentary
- Compliance Timeline: The company has an initial 180-calendar-day Compliance Period to regain compliance. Compliance is achieved if the closing bid price is at least $1.00 for 10 consecutive business days.
- Additional Period: If the initial period expires without compliance, the company may be granted an additional 180-day period, provided it meets other listing standards (such as market value of publicly held shares) and demonstrates intent to cure the deficiency.
- Risk of Delisting: Failure to regain compliance by the end of the Compliance Period or any Additional Compliance Period will result in the delisting of the company's common stock.
- Management Action: Management intends to monitor the stock price and may consider available options to regain compliance, though there is no assurance of success.
Investor Verification Checklist
- Verify the current closing bid price of FLUX stock to assess proximity to the $1.00 threshold.
- Monitor the company's stock price for 10 consecutive business days to determine if the initial compliance window is met.
- Check for future filings regarding the company's intent to cure the deficiency or plans for a reverse stock split.
- Review the company's market value of publicly held shares to determine eligibility for an Additional Compliance Period if the initial period fails.