Dragonfly Energy Holdings Corp. (DFLI): debt financing — Dragonfly Energy issued $1.7M convertible note to director, repaid on March 1 maturity

Dragonfly Energy Holdings Corp.

Issued $1.7M unsecured convertible promissory note to director Brian Nelson in a private placement on Feb 27, 2024.
Note matured March 1, 2024, with a $85,000 loan fee payable at maturity.
Company repaid both the principal and loan fee in cash on March 1, 2024.
Conversion option allowed repayment in common stock at $0.55/share under certain conditions.
Proceeds used for working capital and general corporate purposes.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Dragonfly Energy Holdings Corp. incurred convertible notes of $1,700,000 with Brian Nelson maturing March 1, 2024.

Instrument: convertible notes
Principal: $1,700,000
Counterparty: Brian Nelson
Maturity: March 1, 2024
Event: incurrence

Exact text from the filing

On February 27, 2024, Dragonfly Energy Holdings Corp. (the “ Company ”) issued an unsecured convertible promissory note (the “ February Note ”) in the principal amount of $1,700,000 (the “ February 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 “ February 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 February Note with Brian Nelson valued at $1,700,000 (effective 2024-02-27).

Action: entry
Agreement: notes offering
Counterparty: Brian Nelson
Value: $1,700,000
Effective: 2024-02-27

Exact text from the filing

On February 27, 2024, Dragonfly Energy Holdings Corp. (the “ Company ”) issued an unsecured convertible promissory note (the “ February Note ”) in the principal amount of $1,700,000

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Dragonfly Energy Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-008722

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.