Dragonfly Energy issued $1M unsecured convertible note to director Brian Nelson; repaid Feb 1

Dragonfly Energy Holdings Corp.

Issued $1,000,000 unsecured convertible promissory note to director Brian Nelson on Jan 24, 2024.
Note was due and payable Feb 2, 2024; included a $50,000 loan fee.
Company repaid the note and the loan fee on Feb 1, 2024, before maturity.
Proceeds used for working capital and general corporate purposes.
Note had option to repay with cash or shares at $0.47 per share minimum.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Dragonfly Energy Holdings Corp. entered into January Note with Brian Nelson valued at $1,000,000 (effective 2024-01-24).

Action: entry
Counterparty: Brian Nelson
Value: $1,000,000
Effective: 2024-01-24

Exact text from the filing

On January 24, 2024, Dragonfly Energy Holdings Corp. (the “ Company ”) issued an unsecured convertible promissory note (the “ January Note ”) in the principal amount of $1,000,000

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Dragonfly Energy Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-008733

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