Flux Power Announces Expanded $14 Million Credit Facility with Silicon Valley Bank

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Jan 13, 2023

Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has expanded the available credit under its existing facility with Silicon Valley Bank (“SVB Credit Facility”). The amended agreement increases the available capacity of the facility from $8 million to $14.0 million to support higher working capital requirements related to increased customer demand.