Shareholder alert: class action lawsuit filed on behalf of flux power holdings, inc. (flux) investors – holzer & holzer, llc encourages investors with significant losses to contact the firm

Atlanta, nov. 06, 2024 (globe newswire) -- a shareholder class action lawsuit has been filed against flux power holdings, inc. (“flux power” or “the company”) (nasdaq: flux). the lawsuit alleges that defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the company's business, operations, and prospects, including allegations that: (1) flux power's financial statements from november 10, 2022 to the present included, among other things, overstated inventory, gross profit current assets, and total assets; (2) flux power understated cost of sales, net loss; (3) as a result, flux power would need to restate its previously filed financial statements from november 10, 2022 to the present; and (4) flux power understated internal control weaknesses or stated that it had adequate internal controls when in fact it did not.
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