Put companies on watchlist
Flux Power
ISIN: US3440573026
WKN: A2PNV0
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

Flux Power · ISIN: US3440573026 · PR Newswire (ID: 20240915DC05343)
15 September 2024 10:00PM

FLUX INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Flux Power Holdings, Inc. and Encourages Investors to Contact the Firm!


NEW YORK, Sept. 15, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Flux Power Holdings, Inc. ("Flux" or "the Company") (NASDAQ: FLUX). Investors who purchased Flux securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/FLUX.

Investigation Details

On September 5, 2024, after market hours, Flux filed a current report on Form 8-K with the SEC, in which it announced that "[o]n August 30, 2024, the Board of Directors of Flux Power Holdings, Inc. (the "Company") including its audit committee members, concluded that the previously issued audited consolidated financial statements as of and for the fiscal year ended June 30, 2023 and the unaudited consolidated financial statements as of and for the quarters ended September 30, 2023, December 31, 2023, and March 31, 2024 (collectively, the "Prior Financial Statements"), which were filed with the Securities and Exchange Commission ("SEC") on September 21, 2023, November 9, 2023, February 8, 2024 and May 13, 2024, respectively, should no longer be relied upon because of errors in such financial statements relating to the improper accounting for inventory and a restatement should be undertaken." Following this news, Flux stock dropped by $0.17 per share, or 5.36%, to close at $3.00 on September 6, 2024. The next day, Flux stock dropped another $0.12 per share, or 4%, to close at $2.88 on September 9, 2024.

What's Next?

If you are aware of any facts relating to this investigation or purchased Flux securities, you can assist this investigation by visiting the firm's site: bgandg.com/FLUX. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Nathan Miller

332-239-2660 | info@bgandg.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/flux-investor-alert-bronstein-gewirtz-and-grossman-llc-announces-an-investigation-into-flux-power-holdings-inc-and-encourages-investors-to-contact-the-firm-302246907.html

SOURCE Bronstein, Gewirtz & Grossman, LLC

Visual performance / price development - Flux Power
Smart analysis and research tools can be found here.
This publication was provided by our content partner PR Newswire
PR Newswire
via PR Newswire - Newsfeed
Cision ©2024
PR Newswire
Contact:
300 S Riverside Plaza, Chicago, Illinois, USA
+001 (0) 888-776-0942