Investigation announced for long term Investors in Flux Power Holdings, Inc. (NASDAQ: FLUX) over potential Wrongdoing

An investigation was announced for investors in shares of Flux Power Holdings, Inc. (NASDAQ: FLUX) concerning potential breaches of fiduciary duties by certain directors and officers of Flux Power Holdings, Inc.

Investors who are current long term investors in Flux Power Holdings, Inc. (NASDAQ: FLUX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: FLUX stocks follows a lawsuit filed against Flux Power Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FLUX stocks, concerns whether certain Flux Power Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Nevada the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that 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, that Flux Power understated cost of sales and net loss, that as a result, Flux Power would need to restate its previously filed financial statements from November 10, 2022 to the present, that Flux Power understated internal control weaknesses or stated that it had adequate internal controls when in fact it did not, and that as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Flux Power Holdings, Inc. (NASDAQ: FLUX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.