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ROSEN, A CLASSIFIED AND LEADING LAW FIRM, Encourages Flux Power Holdings, Inc. Investors to Learn About Securities Class Action Investigation – FLUX
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ROSEN, A CLASSIFIED AND LEADING LAW FIRM, Encourages Flux Power Holdings, Inc. Investors to Learn About Securities Class Action Investigation – FLUX

ROSEN, A CLASSIFIED AND LEADING LAW FIRM, Encourages Flux Power Holdings, Inc. Investors to Learn About Securities Class Action Investigation – FLUX

New York, New York–(Newsfile Corp. – October 12, 2024) – FOR WHAT: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Flux Power Holdings, Inc. (NASDAQ: FLUX) arising from allegations that Flux Power may have provided materially misleading commercial information to the investing public. .

AND THEN: If you purchased Flux Power securities, you may be entitled to compensation without payment of fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action lawsuit aimed at recovering investor losses.

WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=28783 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for class action information.

WHAT IS IT ABOUT: On September 5, 2024, after market close, Flux Power Holdings, Inc. filed a Current Report on Form 8-K with the SEC, in which it announced “(o)n August 30, 2024, the board of The management of Flux Power Holdings, Inc. (the “Company”), including the members of its audit committee, has concluded that the previously issued audited consolidated financial statements for the year ended June 30, 2023 and the financial statements unaudited consolidated financial statements 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 , on November 9, 2023. 2023, February 8, 2024 and May 13, 2024, respectively, should no longer be relied upon due to errors in these financial statements related to improper inventory accounting and a restatement should be undertaken.

Following this news, Flux Power’s common stock fell $0.17 per share, or 5.36%, to close at $3.00 per share on September 6, 2024. The following trading day, it further fell $0.12 per share, or 4%, to close at $2.88. per share on September 9, 2024.

WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a proven track record in leadership roles. Often, companies issuing reviews do not have significant experience, resources, or peer recognition. Many of these companies do not pursue securities class actions. Be careful when choosing a lawyer. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm has reached the largest ever securities class action settlement against a Chinese company. The Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226453