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Flux Power Holdings, Inc. (NASDAQ CM: FLUX), a developer of advanced lithium industrial batteries for commercial and industrial equipment, has closed an underwritten public offering of 3,099,250 shares of common stock, which includes 404,250 additional shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at the public offering price of $4.00 per share, resulting in the gross proceeds for Flux Power Holdings of approximately $12.4 million. Flux Power intends to use the proceeds of the offering for working capital and general corporate purposes.
Roth Capital Partners acted as joint book-running manager for the offering.
About Flux Power Holdings, Inc.
Flux Power designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks and other industrial equipment including airport ground support equipment (GSE), energy storage for solar applications, and industrial robotic applications. Flux Power’s LiFT Packs, including the proprietary battery management system (BMS), provide customers with a better performing, more environmentally friendly, and lower total cost alternative, in many instances, to traditional lead acid and propane-based solutions. For more information, please visit
(Source: Company Press Release | 08.18.20)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH, please visit
Date of Announcement: 08.28.20
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("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any
companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or
estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be
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