secwatch.observer — SEC 8-K summary
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Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0001493152-23-046623
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315223046623/0001493152-23-046623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315223046623/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-046623

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