Overview

A class action lawsuit has been filed against Flux Power Holdings, Inc. (“Flux Power” or the “Company”) (NASDAQ: FLUX) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws.  The Flux Power class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired publicly traded Flux Power securities between November 11, 2022, and September 30, 2024, both dates inclusive (the “Class Period”).  Investors have until December 31, 2024, to seek appointment as lead plaintiff in the Flux Power class action lawsuit.

Flux Power 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.

The Flux Power class action lawsuit claims that Defendants, throughout the Class Period, made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, Defendants made 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.

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If you purchased or otherwise acquired publicly traded Flux Power securities between November 11, 2022, and September 30, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as a lead plaintiff in the Flux Power class action lawsuit is December 31, 2024.