secwatch.observer — SEC 8-K summary
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Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K/A
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001493152-24-029924
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dragonfly Energy signs $30M licensing deal with Stryten Energy for Battle Born Batteries brand
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- Initial $5M fee plus mid-single-digit royalties on net sales up to $25M, then nominal annual fee.
- Stryten gets exclusive worldwide B2B rights in auto, marine, power sports, lawn/garden, golf cart, and military markets.
- Dragonfly retains RV, off-grid, heavy-duty trucking, stationary storage, and oil & gas markets independently.
- Dragonfly will contract manufacture batteries initially at its Nevada facility until Stryten builds its own capacity.
- Agreement is perpetual; either party can terminate if royalties fall below $15M after 5 years or for uncured breach.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315224029924/0001493152-24-029924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315224029924/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029924

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