FLUX ALERT: Flux Power Holdings Stockholders on High Alert as Bragar Eagel & Squire Launches Investigation into Potential Securities Laws Violations

Flux Power Holdings, Inc. (NASDAQ:FLUX) stockholders are on high alert following the recent announcement by Bragar Eagel & Squire, P.C., a renowned stockholder rights law firm, that it is investigating potential claims against the company.

The investigation, which was made public on September 13, 2024, centers around Flux Power Holdings’ compliance with federal securities laws and other business practices. This development has left many investors concerned about the potential impact on the company’s stock price and overall financial performance.

As per the investigation announcement, Flux Power Holdings had made a disclosure on September 5, 2024, in a filing with the U.S. Securities and Exchange Commission (SEC). The disclosure revealed that the company’s Board of Directors had reached a conclusion regarding the reliability of its previously issued audited consolidated financial statements for the fiscal year ended June 30, 2023, and unaudited consolidated financial statements for the quarters ended September 30, 2023, December 31, 2023, and March 31, 2024.

Specifically, Flux Power Holdings indicated that the prior financial statements, which were filed with the SEC on September 21, 2023, November 9, 2023, February 8, 2024, and May 13, 2024, respectively, “should no longer be relied upon.” This statement has likely sparked concerns among investors, as it raises questions about the accuracy and reliability of the company’s past financial reporting.

Bragar Eagel & Squire, P.C. is encouraging Flux Power Holdings stockholders to contact the firm to participate in the action and discuss their rights and options. This development has highlighted the importance of transparency and accuracy in corporate financial reporting, as well as the need for investors to remain vigilant and informed about their investments.

As the investigation unfolds, it remains to be seen what implications this may have for Flux Power Holdings and its stockholders. However, one thing is clear: this development has the potential to significantly impact the company’s financial performance and stock price in the months ahead. Investors will be closely watching this situation to see how it plays out and what actions they may need to take to protect their interests.