---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-018340"
form_type: "8-K/A"
ticker: "DFLI"
cik: "0001847986"
company_name: "Dragonfly Energy Holdings Corp."
filed_at: "2025-10-16T23:59:59+00:00"
generated_at: "2026-05-17T03:35:46.974320+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dragonfly Energy prices $55.4M offering; proposes restructuring of $92M term loan

## Summary
- Priced public offering of 36M shares at $1.35 and 5M pre-funded warrants at $1.3499 for gross $55.4M.
- Net proceeds ~$51.7M; will prepay $45M of term loan debt and invest in dry electrode/solid-state battery tech.
- Proposed debt restructuring: convert $25M to preferred stock (convertible at $3.15/sh), forgive $5M, remaining $17M at 12% with Oct 2027 maturity.
- Lenders receive 8% cash dividend and 2% PIK on preferred; six-month lock on conversion; $5M liquidity covenant through Dec 2026.
- Non-binding agreement in principle; closing subject to definitive documentation and closing conditions.

## SEC filing metadata
- accession: 0001493152-25-018340
- form_type: 8-K/A
- ticker: DFLI
- cik: 0001847986
- company_name: Dragonfly Energy Holdings Corp.
- filed_at: 2025-10-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847986/000149315225018340/0001493152-25-018340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847986/000149315225018340/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-018340
- JSON: https://secwatch.observer/filing/0001493152-25-018340.json
- Plain text: https://secwatch.observer/filing/0001493152-25-018340.txt

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