Exhibit 5.1

 

 

2020 West El Camino Avenue, Suite 700

Sacramento, California 95833

Phone: 916.564.5400

Fax: 916-564-5444


 

September 23, 2021

 

Flux Power Holdings, Inc.

2685 S. Melrose Drive

Vista, CA 92081

 

 

Re:Flux Power Holdings, Inc.

 

Ladies and Gentlemen:

 

You have requested our opinion with respect to certain matters in connection with the sale and issuance of (i) 2,142,860 shares (the “Shares”) of common stock, par value $0.001 per share (the “Common Stock”), (ii) warrants to purchase up to 1,071,430 shares of Common Stock (the “Warrants”), and (iii) 1,071,430 shares of Common Stock issuable from time to time upon exercise of the Warrants (the “Warrant Shares,” and together with the Shares and the Warrants, the “Securities”), all of which Securities are to be sold pursuant to a Securities Purchase Agreement dated September 22, 2021, by and between Flux Power Holdings, Inc., a Nevada corporation (the “Company”) and each purchaser identified therein (the “Securities Purchase Agreement”), pursuant to an effective shelf registration statement on Form S-3 (File No. 333-249521) (the “Registration Statement”) filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), and the related prospectus dated October 16, 2020 (the “Base Prospectus”), and declared effective by the Commission on October 26, 2020, as supplemented by the prospectus supplement dated September 22, 2021, filed with the Commission pursuant to Rule 424(b) promulgated under the Securities Act (together with the Base Prospectus, the “Prospectus”).

 

For purposes of rendering the opinions set forth below, we have examined such documents and reviewed such questions of law as we have considered necessary and appropriate for the purposes of our opinion including (i) the Registration Statement, including the exhibits filed therewith, (ii) the Prospectus, (iii) the Company’s amended and restated articles of incorporation, as amended and as currently in effect (the “Articles of Incorporation”), (iv) the Company’s amended and restated bylaws, as amended and as currently in effect (the “Bylaws”), (v) the corporate minutes and other actions of the Company, and the originals or copies certified to our satisfaction of such other documents, records, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below.

 

In rendering this opinion, we have assumed: (A) the genuineness and authenticity of all signatures on original documents; (B) the genuineness and authenticity of all documents submitted to us as originals; (C) the conformity to originals of all documents submitted to us as copies; (D) the accuracy, completeness and authenticity of certificates of public officials; and (E) the due authorization, execution and delivery of all documents where due authorization, execution and delivery are prerequisites to the effectiveness of such documents (other than with respect to the Company) and have not sought independently to verify such matters.

 

 

 

ARIZONA • CALIFORNIA • COLORADO • CONNECTICUT • DELAWARE • FLORIDA • GEORGIA • ILLINOIS • INDIANA • KANSAS • KENTUCKY • LOUISIANA MARYLAND • MASSACHUSETTS • MINNESOTA • MISSOURI • NEVADA • NEW JERSEY • NEW MEXICO • NEW YORK • NORTH CAROLINA OHIO • OREGON • PENNSYLVANIA • RHODE ISLAND • TEXAS • UTAH • VIRGINIA • WASHINGTON • WASHINGTON D.C. • WEST VIRGINIA

 

 

Flux Power Holdings, Inc

September 23, 2021

Page 2

 

We express no opinions other than as specifically set forth herein. We are opining solely on all applicable statutory provisions of the Nevada Revised Statutes and all applicable judicial determinations in connection therewith (based solely upon our review of a standard compilation thereof) as in effect as of the date hereof. We express no opinion as to whether the laws of any jurisdiction are applicable to the subject matter hereof. We are not rendering any opinion as to compliance with any federal or state law, rule or regulation relating to securities, or to the sale or issuance thereof. This opinion letter deals only with the specified legal issues expressly addressed herein, and you should not infer any opinion that is not explicitly stated herein from any matter addressed in this opinion letter.

 

On the basis of the foregoing, and in reliance thereon, we are of the opinion that (i) the Shares have been duly and validly authorized and, when issued and sold pursuant to the Securities Purchase Agreement, in accordance with the Registration Statement and the Prospectus, will be validly issued, fully paid and non-assessable, (ii) the Warrants, when issued, sold and delivered against payment therefor pursuant to the Securities Purchase Agreement, in accordance with the Registration Statement and the Prospectus, will constitute legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, and (iii) the Warrant Shares, when issued against payment of the exercise price therefor and in accordance with the terms of Warrants, will be duly and validly authorized, fully paid, and non-assessable.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the references to our firm therein and in the Prospectus and the Prospectus Supplement under the caption “Legal Matters.” In giving our consent, we do not thereby admit that we are experts with respect to any part of the Registration Statement within the meaning of the term “expert,” as used in Section 11 of the Securities Act or the rules and regulations promulgated thereunder by the Commission, nor do we admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.

 

 

Very truly yours,

   
  /s/ Lewis Brisbois Bisgaard & Smith LLP
   
  LEWIS BRISBOIS BISGAARD & SMITH llp

 

 

LEWIS BRISBOIS BISGAARD & SMITH LLP

www.lewisbrisbois.com