Flux Power Fails Nasdaq Bid Price Rule
Ticker: FLUX · Form: 8-K · Filed: Oct 18, 2024 · CIK: 1083743
Sentiment: bearish
Topics: delisting, listing-standards, compliance
Related Tickers: FLUX
TL;DR
Nasdaq says Flux Power's stock price is too low, giving them 180 days to fix it or get booted.
AI Summary
Flux Power Holdings, Inc. filed an 8-K on October 18, 2024, to report its failure to meet the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company received a deficiency notification from Nasdaq on October 16, 2024, and has 180 days to regain compliance.
Why It Matters
Failure to meet listing requirements can lead to delisting, impacting liquidity and investor confidence.
Risk Assessment
Risk Level: medium — The company faces delisting from Nasdaq if it cannot meet the minimum bid price requirement within the specified timeframe.
Key Numbers
- 180 days — Compliance Period (Time allowed to regain minimum bid price)
Key Players & Entities
- Flux Power Holdings, Inc. (company) — Registrant
- Nasdaq Capital Market (company) — Listing Exchange
- October 16, 2024 (date) — Date of deficiency notification
- 180 days (duration) — Compliance period
FAQ
What specific rule did Flux Power Holdings, Inc. fail to meet?
Flux Power Holdings, Inc. failed to meet the minimum bid price requirement for continued listing on The Nasdaq Capital Market.
When did Flux Power Holdings, Inc. receive the deficiency notification?
The company received the deficiency notification on October 16, 2024.
What is the deadline for Flux Power Holdings, Inc. to regain compliance?
Flux Power Holdings, Inc. has 180 days from the date of the notification to regain compliance.
What is the consequence if Flux Power Holdings, Inc. does not regain compliance?
If the company does not regain compliance within the 180-day period, its securities may be delisted from The Nasdaq Capital Market.
What is the filing date of this 8-K report?
This 8-K report was filed on October 18, 2024.
Filing Stats: 1,153 words · 5 min read · ~4 pages · Grade level 13.4 · Accepted 2024-10-18 17:21:57
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value FLUX Nasdaq Capital Mark
Filing Documents
- form8-k.htm (8-K) — 46KB
- ex99-1.htm (EX-99.1) — 14KB
- 0001493152-24-041614.txt ( ) — 236KB
- flux-20241016.xsd (EX-101.SCH) — 3KB
- flux-20241016_lab.xml (EX-101.LAB) — 33KB
- flux-20241016_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Flux Power Holdings, Inc. a Nevada corporation By: /s/ Ronald F. Dutt Ronald F. Dutt, Chief Executive Officer Dated: October 18, 2024