---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007147"
form_type: "8-K"
ticker: "DFLI"
cik: "0001847986"
company_name: "Dragonfly Energy Holdings Corp."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:41:22.634226+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Dragonfly Energy issues $1M promissory note to director Brian Nelson, due April 1, 2023

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-007147
- form_type: 8-K
- ticker: DFLI
- cik: 0001847986
- company_name: Dragonfly Energy Holdings Corp.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847986/000149315223007147/0001493152-23-007147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847986/000149315223007147/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007147
- JSON: https://secwatch.observer/filing/0001493152-23-007147.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007147.txt

## Key facts
- Debt Financings
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847986/000149315223007147/0001493152-23-007147-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847986/000149315223007147/0001493152-23-007147-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.