Flux Power amends Gibraltar Business Capital loan pact, remains in default

By Public Technologies
  • Flux Power Holdings entered Amendment No. 7 to its loan and security agreement with Gibraltar Business Capital, effective Sept. 17, 2026.
  • New covenant requires an equity sale raising at least USD 4 million in net proceeds within 50 days.
  • Lender gained tighter reporting controls; material budget deviations trigger an immediate event of default.
  • Parties plan to revise the EBITDA minimum covenant within 90 days, while the company remains in default.
  • Gibraltar kept revolving credit access available, while reserving rights to cut off borrowing and accelerate repayment; amendment fee totals USD 135,000.


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