Flux Power priced an underwritten public offering of 3,840,000 shares of common stock at $2.50 per share, before underwriting discounts and commissions. The offering was priced on October 31, 2025.
The gross proceeds from the offering are expected to be approximately $9.6 million, excluding any exercise of the underwriter’s option to purchase additional shares. Lake Street Capital Markets, LLC is the sole book‑running manager, and the underwriter has a 30‑day option to purchase up to an additional 576,000 shares at the public offering price.
The offering is expected to close on November 3, 2025, subject to customary closing conditions. The registration statement for the offering became effective on October 29, 2025.
Flux Power is raising capital to support its transition from a battery manufacturer to a software‑enabled energy solutions provider. Management indicated that the proceeds will be used to fund research and development of its SkyEMS software platform, expand production capacity for lithium‑ion energy storage systems, and strengthen working capital.
In the third quarter of fiscal 2025, Flux Power reported revenue of $16.7 million, a 16% increase year‑over‑year, and a net loss of $1.9 million, compared with a net loss of $3.0 million in the same period of fiscal 2024. The company’s operating margin was –7.57% and its net margin was –10.05%, reflecting ongoing investment in growth initiatives.
The company’s balance sheet shows a current ratio of 0.8 and a quick ratio of 0.37, indicating limited liquidity. Management noted that the company is actively managing its debt profile and working to maintain compliance with Nasdaq listing requirements.
Flux Power’s primary markets include material handling and airport ground support equipment, and the company is positioning itself to capture opportunities in the electrification of industrial fleets. The offering price of $2.50 per share is below the company’s recent trading price, reflecting the discount typically applied in public offerings.
The company’s strategic focus includes developing recurring revenue streams through software solutions, improving operational efficiencies, and pursuing profitable growth in its core markets.
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