---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008722"
form_type: "8-K"
ticker: "DFLI"
cik: "0001847986"
company_name: "Dragonfly Energy Holdings Corp."
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T05:00:07.679443+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Dragonfly Energy issued $1.7M convertible note to director, repaid on March 1 maturity

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-008722
- form_type: 8-K
- ticker: DFLI
- cik: 0001847986
- company_name: Dragonfly Energy Holdings Corp.
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847986/000149315224008722/0001493152-24-008722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847986/000149315224008722/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008722
- JSON: https://secwatch.observer/filing/0001493152-24-008722.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008722.txt

## Key facts
- Debt Financings
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847986/000149315224008722/0001493152-24-008722-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847986/000149315224008722/0001493152-24-008722-index.htm

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