Investors Can Lead Class Action Against Flux Power Holdings

LOS ANGELES, Dec. 26, 2024 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) reports that investors with significant losses may have the opportunity to take the lead in a class action lawsuit for securities fraud against Flux Power Holdings, Inc. (“Flux Power” or the “Company”) FLUX.

Critical Dates for Investors

Class Period: November 11, 2022 – September 30, 2024
Lead Plaintiff Deadline: December 31, 2024

How to Get Involved

If interested in being the lead plaintiff for the Flux Power lawsuit, please submit your contact details at www.glancylaw.com/cases/Flux-Power-Holdings-Inc/. For more information regarding your legal rights, contact Charles H. Linehan of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected].

Allegations Against Flux Power

The lawsuit claims that, during the Class Period, the Defendants concealed critical financial information from investors, including: (1) inflated financial figures, particularly in inventory, gross profit, and total assets; (2) underreported costs of sales and net losses; (3) the need to revise previous financial statements from November 10, 2022 to the present; (4) inaccurate representations of internal controls over financial reporting; and (5) misrepresentations regarding the Company’s performance and outlook.

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At this moment, there is no action required to be part of this class action. Participants can choose to hire their own lawyers or remain as passive members of the class. For further questions about the lawsuit, or if you need clarification regarding your rights, please contact Charles Linehan, Esquire of GPM, located at 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, or by email at [email protected]. When emailing, please include your mailing address, phone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

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SOURCE Glancy Prongay & Murray LLP