Form 8-K Flux Power Holdings, For: Jul 11

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Go back to Form 8-K Flux Power Holdings, For: Jul 11

Flux Power (FLUX) Enters $1.75M Settlement to Resolve Litigation

July 16, 2025 4:35 PM EDT

On July 11, 2025, Flux Power Holdings, Inc. (NASDAQ: FLUX), entered into a settlement term sheet (the Term Sheet) to fully resolve the previously disclosed class action litigation captioned Kassam v. Flux Power Holdings, Inc. et al. (Case No. 3:25-cv-00113-JO-DDL), against the Company, its former chief executive officer, Ronald F. Dutt, and its former chief financial officer, Charles A. Scheiwe (collectively, the Defendants). For additional information about the case, please see the Companys Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, filed with the Securities and Exchange Commission (SEC) on May 8, 2025. In settling... More