Item 5. Market for Registrant’s Common Equity
ITEM
5 - MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market
for Common Stock
Our
common stock is traded on The NASDAQ Capital Market under the symbol “FLUX.”
Holders
of Record of Common Stock
As of September 8, 2023, we had approximately 1,367 stockholders of record
for our common stock. The foregoing number of stockholders of record does not include an unknown number of stockholders who hold their
stock in “street name.”
Dividend
Policy
We
have never declared or paid cash dividends on our common stock. We presently do not expect to declare or pay such dividends in the foreseeable
future and expect to reinvest all undistributed earnings to expand our operations, which the management believes would be of the most
benefit to our stockholders. The declaration of dividends, if any, will be subject to the discretion of our Board of Directors, which
may consider such factors as our results of operations, financial condition, capital needs and acquisition strategy, among others.
Recent
Sales of Unregistered Securities
Unregistered
securities sold by the Company during the period covered by this report have been previously reported in a Quarterly Report on Form 10-Q
or Current Report on Form 8-K.
Purchases
of Equity Securities
None.
Equity
Compensation Plan Information
The
following table provides certain information with respect to our equity compensation plans in effect as of June 30, 2023:
Number
of
securities to be
issued upon
exercise of
outstanding
options, and
settlement of
RSUs
(a)
Weighted-
average exercise
price of
outstanding
options, and
issuance price of
RSUs
(b)
Number
of
securities
remaining
available for
future issuance
under equity
compensation
plans (excluding
securities
reflected in
column a)
(c)
Equity
compensation plans approved by shareholders (1)
732,352
$ 7.94
91,907
Equity
compensation plans approved by shareholders (2)
412,853
3.43
1,587,147
Equity
compensation plans not approved by shareholders (3)
21,944
$ 10.00
-
Equity
compensation plans approved by shareholders (4)
-
-
350,000
Total
1,167,149
$ 6.39
2,029,054
(1)
Represents shares of common stock reserved for issuance under the 2014
Equity Incentive Plan (the “2014 Plan”) which was approved by our shareholders on February 17, 2015, and was amended on
October 25, 2017.
(2)
Represents shares of common stock reserved for issuance under the 2021 Equity Incentive Plan (the “2021 Plan”) which was approved by our shareholders on April 29, 2021.
(3)
Consists of 7,200 options granted under the 2010 Stock Option Plan (the “2010 Plan”) and assumed by us in the reverse acquisition. An additional 30,700 non-qualified options were issued. At June 30, 2023, there were 21,944 options outstanding.
(4)
Represents the number of shares of common stock reserved as authorized for the grant of options under the Flux Power Holdings, Inc. 2023 Employee Stock Purchase Plan (the “2023 ESPP”), which was approved by our shareholders on April 20, 2023.
ITEM
6 - RESERVED
Not
Applicable.
23
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