July
15, 2019
Board
of Directors
Flux
Power Holdings, Inc.
2685 S.
Melrose, Dr.
Vista,
CA 92081
Re:
Common Stock of
Flux Power Holdings, Inc.
Registration
Statement On Form S-1
Dear
Ladies and Gentlemen:
We have
acted as counsel to Flux Power Holdings, Inc., a Nevada corporation
(the “Company”), in connection with the preparation and
filing with the Securities and Exchange Commission (the
“Commission”) pursuant to the Securities Act of 1933,
as amended (the “Securities Act”), of a Registration
Statement on Form S-1 (the “Registration Statement”)
pertaining to the issuance and sale by the Company of (i) shares of
common stock, $0.001 par value per share (“Share”), and
(ii) underwriters’ warrants to purchase Shares
(“Warrant”). The Registration Statement also covers
Shares issuable from time to time upon the exercise of the Warrants
(the "Warrant Shares"). We undertand that the Shares and Warrants
are to be sold, as described in the Registration
Statement.
In
rendering the opinion set forth herein, we have examined originals
or copies, certified or otherwise identified to our satisfaction,
of such documents, corporate records, certificates of public
officials and other instruments as we have deemed necessary or
advisable.
In such
examination, we have assumed the genuineness of all signatures, the
legal capacity of natural persons, the authenticity of all items
submitted to us as originals, the conformity with originals of all
items submitted to us as copies, and the authenticity of the
originals of such copies. As to any facts material to the opinions
expressed herein that we did not independently establish or verify,
we have relied upon statements and representations of officers and
other representatives of the Company and public
officials.
Based
upon and subject to the foregoing, we are of the opinion that: (i)
the Shares have been duly authorized for issuance and, when issued,
delivered and paid for in accordance with the terms of the
Registration Statement and Underwriting Agreement, the Shares will
be validly issued, fully paid and nonassessable; (ii) the Warrants,
when executed and delivered by the Company in accordance with and
in the manner described in the Registration Statement and the
Underwriting Agreement, will be validly issued and will constitute
a valid and binding agreement of the Company enforceable against
the Company in accordance with its terms, subject to applicable
bankruptcy, insolvency, fraudulent conveyance, moratorium and
similar laws affecting creditors’ rights generally and
equitable principles of general applicability; and (iii) the
Warrant Shares, when issued and sold by the Company and delivered
by the Company upon valid exercise thereof and against receipt of
the exercise price therefor, in accordance with and in the manner
described in the Registration Statement and the Warrants, will be
validly issued, fully paid and non-assessable.
We
consent to the inclusion of this opinion as an exhibit to the
Registration Statement and further consent to all references to us
under the caption “Legal Matters” in the Prospectus. In
giving this consent, we do not 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 of the Commission.
Our
opinion is limited to the federal laws of the United States and the
laws of the State of Nevada.
Sincerely,
/s/
Lewis Brisbois Bisgaard & Smith LLP
LEWIS
BRISBOIS BISGAARD & SMITH LLP