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Flux Power Stock Plummets 26% Following Public Offering Announcement

Flux Power Stock Plummets 26% Following Public Offering Announcement

Author:

Global Cryptocurrency

Published:

2025-10-31 15:54:03

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Flux Power Holdings Inc. (FLUX) shares tumbled 26% in premarket trading after pricing a $9.6 million public offering at $2.50 per share, a steep discount to Thursday's closing price. The lithium-ion battery specialist's secondary offering comes just weeks after regaining Nasdaq compliance, raising questions about its capital needs despite achieving the $35 million market cap threshold.

Lake Street Capital Markets is managing the 3.84 million share offering, which includes an overallotment option for 576,000 additional shares. While proceeds are earmarked for general corporate purposes, the dilutive offering follows a 13% decline on Thursday and erases most of October's gains for the energy storage solutions provider.

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