On the risk of delisting of ordinary shares of Flux Power Holdings, Inc. (FLUX)
The International Trading System Limited (hereinafter — ITS) informs on the information concerning delisting risk of ordinary shares of Flux Power Holdings, Inc. (ISIN US3440573026, Shares) from The Nasdaq Stock Market LLC (Nasdaq).
Information on delisting risk of ordinary shares by Nasdaq
On March 20, 2025, Flux Power Holdings, Inc. (the Company) submitted Quarterly report on Form 10-Q to The United States Securities and Exchange Commission. According to the report, the Company executes cost reduction, sourcing and pricing recovery initiatives in efforts to increase gross margins and improve cash flow from operations. In addition, there is no assurance that the Company will be able to improve operations or access necessary additional financing when needed to provide sufficient liquidity to continue its operations. These conditions led the Company’s management to raise substantial doubt about its ability to continue as a going concern for more than twelve months from the date of these financial statements. For more information, please refer to the report available on the SEC website.
Information regarding possible actions to be taken by ITS
If Nasdaq suspends trading in the Company’s ordinary shares, ITS will prohibit submission of orders and will restrict ability to conclude agreements in respect of the Company’s ordinary shares. If the Company’s ordinary shares are delisted from Nasdaq, ITS will terminate trading in the Company’s ordinary shares. However, in case the Company’s ordinary shares become listed, or admitted to trading on another Recognised Trading Venue, ITS will consider but does not guarantee continuation of trading in the Company’s ordinary shares.