---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-046623"
form_type: "8-K"
ticker: "DFLI"
cik: "0001847986"
company_name: "Dragonfly Energy Holdings Corp."
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T06:03:26.252490+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dragonfly Energy receives covenant waiver from lenders, issues penny warrants for 1.29M shares

## Summary
- Lenders waived Senior Leverage Ratio and Fixed Charge Coverage Ratio tests for Q4 2023.
- Issued penny warrants to purchase up to 1,286,671 shares at $0.01 per share as consideration.
- Warrants are immediately exercisable and expire ten years from issuance.
- Original signed warrant pages must be delivered to lenders by January 5, 2024.
- Waiver is one-time; loan agreement otherwise remains in full force.

## SEC filing metadata
- accession: 0001493152-23-046623
- form_type: 8-K
- ticker: DFLI
- cik: 0001847986
- company_name: Dragonfly Energy Holdings Corp.
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847986/000149315223046623/0001493152-23-046623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847986/000149315223046623/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-046623
- JSON: https://secwatch.observer/filing/0001493152-23-046623.json
- Plain text: https://secwatch.observer/filing/0001493152-23-046623.txt

## Key facts
- Material Agreements
  Dragonfly Energy Holdings Corp. entered into Waiver with the lenders (effective 2023-12-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: the lenders
  - Effective: 2023-12-29
  source text: On December 29, 2023, Dragonfly Energy Holdings Corp. (the “ Company ”) received a waiver (the “ Waiver ”) from the lenders its Term Loan, Guarantee and Security Agreement (as amended, the “ Loan Agreement ”) in regards to its compliance with the Senior Leverage Ratio and Fixed Charge Coverage Ratio tests (the “ Tests ”) as of the last day of the quarter ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847986/000149315223046623/0001493152-23-046623-index.htm

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