Dragonfly avoids Q4 default via loan amendment; grants 350K penny warrants at $0.01

Dragonfly Energy Holdings Corp.

Waived Senior Leverage and Fixed Charge Coverage tests for Q4 2024, preventing default.
Issued penny warrants for 350,000 shares at $0.01/share to lenders as consideration.
Must seek shareholder OK for up to 1,400,000 more shares underlying additional warrants.
Jan 1, 2025 interest payment entirely payable in-kind (PIK).
Minimum liquidity reduced to $3.5M for Dec 31, 2024; rises to $10M from Jan 31, 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.