Brief: Flux Power Holdings - As Of March 13, 2023, Co Has $9.2 Million Of Outstanding Borrowings Under Loc With Svb

Flux Power Holdings

15/03/2023 11:59

March 15 (Reuters) - Flux Power Holdings Inc  FLUX.O :
    * FLUX POWER HOLDINGS - AS OF MARCH 13, 2023, CO HAS $9.2
MILLION
OF OUTSTANDING BORROWINGS UNDER LOC WITH SVB
    * FLUX POWER HOLDINGS- AS OF MARCH 13, 2023, SUBSTANTIALLY
ALL OF
CO'S CASH IS HELD ON DEPOSIT WITH SVB
    * FLUX POWER HOLDINGS -  CO'S CASH ON DEPOSIT WITH SVB
REPRESENTS
ABOUT 98% OF CO'S CURRENT CASH, CASH EQUIVALENTS AND MARKETABLE
SECURITIES
    * FLUX POWER HOLDINGS - AS OF MARCH 13 AND CONSISTENT WITH
STATEMENT, CO HAS GAINED ACCESS TO ITS ACCOUNTS AND HAS BEEN
ABLE TO DRAW DOWN ON ITS LOC
    * FLUX POWER HOLDINGS INC - WILL EXPLORE OTHER OPTIONS TO
SECURE
ADDITIONAL CAPITAL FROM A VARIETY OF CURRENT AND NEW SOURCES

Further company coverage:  FLUX.O 

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