Flux Power Holdings, Inc. (FLUX) shares are sliding more than 20 percent on Thursday morning trade after the company announced a $15 million worth securities sale and purchase agreement with certain institutional investors. Flux Power intends to use the net proceeds from this registered direct offering for general corporate and working capital purposes.

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Flux Power Holdings, Inc. (FLUX) shares are sliding more than 20 percent on Thursday morning trade after the company announced a $15 million worth securities sale and purchase agreement with certain institutional investors. Flux Power intends to use the net proceeds from this registered direct offering for general corporate and working capital purposes.

RTTNews | Sep 23, 2021 11:07AM EDT

11:06 Thursday, September 23, 2021 (RTTNews.com) - Flux Power Holdings, Inc. (FLUX) shares are sliding more than 20 percent on Thursday morning trade after the company announced a $15 million worth securities sale and purchase agreement with certain institutional investors. Flux Power intends to use the net proceeds from this registered direct offering for general corporate and working capital purposes.

The registered direct offering is expected to close on or about September 27, 2021.

FLUX shares are currently at $5.98, down 20.48 percent from the previous close of $7.52 on a volume of 484,979.

For the 52-week period, the shares have traded in a range of $4.89-$222.50 on average volume of 72,746.

Read the original article on RTTNews ( https://www.rttnews.com/3227891/flux-power-down-after-announcing-15-mln-share-offering.aspx)

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