secwatch.observer — SEC 8-K summary
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Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001493152-23-007147
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315223007147/0001493152-23-007147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315223007147/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-007147

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