UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 3, 2016

FLUX POWER HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

877-505-3589

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

In connection with the private placement of up to 77,500,000 shares of our Common Stock, par value $0.001 (“Shares”) to selected accredited investors for an aggregate amount of $3,100,000, or $0.04 per share of Common Stock (“Share”) (the “Offering”), on May 5, 2016, we executed and accepted a subscription agreement (“Subscription Agreement”) from Esenjay Investments LLC (“Esenjay”), our controlling shareholder and our primary credit line holder. Pursuant to the Subscription Agreement, on May 5, 2016, Esenjay purchased an aggregate of 33,750,000 Shares in exchange for the settlement of debt owed to Esenjay by our wholly-owned subsidiary, Flux Power, Inc., in the amount of $1,350,000 (“Outstanding Debt”). As a result, Esenjay owns approximately 67% of our issued and outstanding Common Stock.

Michael Johnson, our director, is a director and shareholder of Esenjay. As further described in our Form 10-K for the fiscal year ended June 30, 2015, Esenjay is our primary credit line holder. 

The foregoing description of the terms of the Subscription Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, a copy of which is filed hereto as Exhibit 10.1.

On May 5, 2016, we completed an initial closing of the Offering, pursuant to which we sold an aggregate of 46,250,000 shares of Common Stock, at $0.04 per share, for an aggregate purchase price of $1,850,000 to two (2) accredited investors. The purchase price of $500,000 for 12,500,000 Shares was paid in the form of cash. As disclosed under Item 1.01 of this report, Esenjay participated in the Offering as an investor by purchasing an aggregate of 33,750,000 Shares in exchange for the settlement of the Outstanding Debt. The information provided in response to Item 1.01 of this report is incorporated by reference into this Item 3.02.

The Shares offered and sold in the Offering have not been registered under the Securities Act of 1933, as amended (“Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Shares were offered and sold to the accredited investors in reliance upon exemptions from registration pursuant to Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D.

The information relating to the Offering under Items 1.01 and 3.02 is being provided pursuant to Rule 135c under the Securities Act.

__________________

*filed herewith

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.