FLUX · Flux Power Holdings, Inc.
AI read · Bad for FLUX
The AI's read
The extra time gives the company a chance to meet its lender's demand, but it has not secured the required money. It also needs to present a plan to Nasdaq, and there is no promise Nasdaq will accept it or that the company can fix the shortfall. Trading can continue for now, but the financing and listing problems outweigh that temporary relief.