---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-040278"
form_type: "8-K"
ticker: "DFLI"
cik: "0001847986"
company_name: "Dragonfly Energy Holdings Corp."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:32:41.559682+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dragonfly Energy secures waiver of Q3 2024 financial covenants, issues penny warrants for 3M shares

## Summary
- Lenders waived Senior Leverage Ratio and Fixed Charge Coverage Ratio tests for Q3 2024.
- Issued penny warrants for up to 3M shares at $0.01 per share, immediately exercisable for 10 years.
- Liquidity requirement reduced to $7.0M as of Sep 30, 2024, then $10M monthly from July 31, 2024.
- Interest on Oct 1, 2024 payment: $1.5M in cash, remainder payable-in-kind (PIK).
- Warrants issued under Section 4(a)(2) exemption; not registered under Securities Act.

## SEC filing metadata
- accession: 0001493152-24-040278
- form_type: 8-K
- ticker: DFLI
- cik: 0001847986
- company_name: Dragonfly Energy Holdings Corp.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847986/000149315224040278/0001493152-24-040278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847986/000149315224040278/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-040278
- JSON: https://secwatch.observer/filing/0001493152-24-040278.json
- Plain text: https://secwatch.observer/filing/0001493152-24-040278.txt

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