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Flux Power Holdings, Inc.

Securities Class Action

  • Date:
  • 12/31/2024
  • Company Name:
  • Flux Power Holdings, Inc.
  • Stock Symbol:
  • FLUX
  • Class Period:
  • FROM 11/11/2022 TO 9/30/2024
  • Status:
  • Filed
  • Filing Date:
  • 11/1/2024
  • Court:
  • U.S. Distrtict Court: Nevada

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Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Flux Power Holdings, Inc. (“Flux Power” or the “Company”) (NASDAQ:FLUX) in the United States District Court for the District of Nevada on behalf of all persons and entities who purchased or otherwise acquired Flux Power securities between November 11, 2022 and September 30, 2024, both dates inclusive (the “Class Period”). Investors have until December 31, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Flux Power’s financial statements from November 10, 2022 to the present included, among other things, overstated inventory, gross profit, current assets, and total assets; (2) Flux Power understated cost of sales and net loss; (3) as a result, Flux Power would need to restate its previously filed financial statements from November 10, 2022 to the present; (4) Flux Power understated internal control weaknesses or stated that it had adequate internal controls when in fact it did not; and (5) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
 
If you purchased or otherwise acquired Flux Power shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out the form below.  There is no cost or obligation to you.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Flux Power Holdings. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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