Quick Take
Flux Power (OTCQB:FLUX) has filed to raise gross proceeds of $16 million from a U.S. IPO, according to an S-1 registration statement.
The firm develops, manufactures and markets lithium-ion batteries for lift trucks, airport ground support equipment, and other industrial applications.
FLUX has only recently launched a number of battery products and we don’t really have a good view of product-market fit.
I’ll provide an update when we learn more about the IPO.
Company & Technology
Vista, California-based Flux Power was founded in 1998 to design, develop, manufacture and market