525,179 Stock Options of Flux Power Holdings, Inc. are subject to a Lock-Up Agreement Ending on 27-NOV-2021.
November 26, 2021
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525,179 Stock Options of Flux Power Holdings, Inc. are subject to a Lock-Up Agreement Ending on 27-NOV-2021. These Stock Options will be under lockup for 61 days starting from 27-SEP-2021 to 27-NOV-2021.
Details:
The company's directors and officers have agreed to be subject to a lock-up period of 60 days following the date of closing of this offering. This means that, during the lock-up period, subject to limited exceptions, officers and directors may not offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of, directly or indirectly any shares of common stock or any securities convertible into or exchangeable for our common stock.
Flux Power Holdings, Inc. design, develop, manufacture, and sell a portfolio of advanced lithium-ion energy storage solutions for electrification of a range of industrial commercial sectors which include material handling, airport ground support equipment (GSE), and other commercial and industrial applications. The Companyâs modular and scalable design allows different configurations of lithium-ion battery packs to be paired with the Companyâs proprietary wireless battery management system to provide the level of energy storage required. The Company offers energy storage packs for use in a variety of industrial motive applications. The Companyâs has leveraged its Class 3 Walkie Pallet Pack design to develop energy storage packs for larger forklifts, GSE Packs, and other industrial equipment applications. Natural product extensions, based on its modular, scalable designs, include solar backup power for electric vehicle mobile charging stations and robotic warehouse equipment.