8-K
filed March 9, 2023, 6:59 PM ET
ticker DFLI
CIK 0001847986
debt
confidence high
sentiment negative
materiality 0.60
Dragonfly Energy Holdings Corp. (DFLI): debt financing — Dragonfly Energy issues $1M promissory note to director Brian Nelson, due April 1, 2023
Dragonfly Energy Holdings Corp.
- Issued $1M unsecured promissory note to director Brian Nelson in a private placement.
- Note due April 1, 2023; $100K loan fee due April 4; penalty fees accrue if unpaid.
- After June 1, 2023, Company may repay balance with cash or common stock at min $4.18/share.
- Proceeds used for working capital and general corporate purposes.
- Note contains customary default and change-of-control acceleration clauses.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Dragonfly Energy Holdings Corp. incurred loan of $1,000,000 with Brian Nelson maturing April 1, 2023.
- Instrument
- loan
- Principal
- $1,000,000
- Counterparty
- Brian Nelson
- Maturity
- April 1, 2023
- Event
- incurrence
Exact text from the filing
On March 5, 2023, Dragonfly Energy Holdings Corp. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the principal amount of $1,000,000 (the “ Principal Amount ”) to Brian Nelson, a director of the Company (the “ Holder ”), in a private placement in exchange for cash in an equal amount (the “ Private Placement ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Dragonfly Energy Holdings Corp. entered into Note with Brian Nelson valued at $1,000,000 (effective 2023-03-05).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Brian Nelson
- Value
- $1,000,000
- Effective
- 2023-03-05
Exact text from the filing
On March 5, 2023, Dragonfly Energy Holdings Corp. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the principal amount of $1,000,000 (the “ Principal Amount ”) to Brian Nelson, a director of the Company (the “ Holder ”), in a private placement in exchange for cash in an equal amount (the “ Private Placement ”).
View on SEC.gov
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