Fundz

Flux Power Closes Initial Round of Private Placement and Converts $7.8M of Debt to Equity

PUBLIC · FLUXJul 08, 2020

Amount Raised

$7 Million

Round Type

Post-IPO Equity

VistaManufacturingEnergyRenewable EnergyEnergy Storage

Description

Flux Power Holdings, Inc. (“Flux Power”) (OTCQB: FLUX), a developer of advanced lithium industrial batteries for commercial and industrial equipment, today announced its initial close of a private placement, along with a related conversion of debt to equity.

Quick answer

Flux Power Holdings raised $7 Million in a Post-IPO Equity round, dated July 8, 2020. Flux Power Holdings is based in Vista, California, United States.

How much did Flux Power Holdings raise?
Flux Power Holdings raised $7 Million in a Post-IPO Equity round on July 8, 2020.
What does Flux Power Holdings do?
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground..
Where is Flux Power Holdings based and how big is it?
Flux Power Holdings is based in Vista, California, United States. Fundz records about 92 employees.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Flux Power Holdings that raised within 45 days of this round, from Fundz verified event records.

  • Chevron raised an undisclosed amount on August 12, 2020.
  • Polar Power raised $2.8M (Seed) on July 2, 2020.
  • East Point Energy, LLC raised $2.3M (Seed) on August 14, 2020.
  • AeroShield Materials raised $218K (Pre-Seed) on August 12, 2020.
  • Emerson Electric raised an undisclosed amount on August 6, 2020.
  • Headwater Gold raised $104K on July 29, 2020.

Who to call at Flux Power Holdings, and when

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Company Information

Company

Flux Power Holdings

Location

2685 S. Melrose Drive

Vista, California, United States

About

Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.

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Flux Power Holdings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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