secwatch.observer — SEC 8-K summary
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Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001493152-24-029519
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Dragonfly subsidiary grants Stryten exclusive license to Battle Born brand; receives $5M initial fee
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- Battle Born LLC grants Stryten exclusive worldwide license to use Battle Born Batteries trademarks for B2B sales in automotive, marine, powersports, lawn/garden, golf cart, military markets.
- Stryten pays $5M initial licensing fee plus mid-single-digit royalties on net sales; royalties capped at $25M total, then nominal annual fee.
- Lenders under existing term loan agreement consent to the license deal and waive mandatory prepayment of $5M fee; Battle Born becomes guarantor.
- License is perpetual unless terminated for uncured breach or if cumulative royalties <$15M after 5 years; includes customary provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315224029519/0001493152-24-029519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315224029519/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029519

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer