secwatch.observer — SEC 8-K summary
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Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001493152-24-025664
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dragonfly Energy obtains waiver of Q2 2024 financial covenants, issues penny warrants for 2.1M shares
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- Waived Senior Leverage Ratio and Fixed Charge Coverage Ratio tests for quarter ending June 30, 2024.
- Issued penny warrants for 2,100,000 shares at $0.01 per share, immediately exercisable for 10 years.
- Liquidity requirement lowered to $3.5M as of June 30, 2024, then $10.0M monthly from July 31, 2024 onward.
- Interest on July 1, 2024 payment date to be paid-in-kind; cash interest resumes after October 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315224025664/0001493152-24-025664-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315224025664/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-025664

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