{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-018691","form_type":"8-K","ticker":"DFLI","cik":"0001847986","company_name":"Dragonfly Energy Holdings Corp.","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.792456+00:00","generated_at":"2026-05-17T03:17:11.197893+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Dragonfly Energy restructures term loan: $45M prepaid, $25M exchanged for Series B preferred, $5M forgiven","bullets":["Repaid $45M of term loan from Oct 17 equity offering; issued $25M of 8% cash + 2% PIK Series B preferred convertible at $3.15/share.","Lenders forgave $5M of principal; remaining $17M bears 12% fixed interest, matures Oct 2027.","Paid $0.9M fee ($450k cash + $450k added to principal); certain covenants waived through Dec 2026.","New monthly minimum liquidity covenant of $5.0M; lenders cannot convert preferred for 6 months.","If not redeemed by Oct 2027, holders can require redemption; 25% of net future equity proceeds used to redeem preferred."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-018691","json":"https://secwatch.observer/filing/0001493152-25-018691.json","markdown":"https://secwatch.observer/filing/0001493152-25-018691.md","text":"https://secwatch.observer/filing/0001493152-25-018691.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1847986/000149315225018691/0001493152-25-018691-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1847986/000149315225018691/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:17:11.197893+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c690b795ea60e0f052b3e0e4a219cd4bdccd57d","claim":"Dragonfly Energy Holdings Corp. issued $25 million of shares of newly created Series B preferred stock of preferred stock to the Lenders for in exchange for $25 million outstanding principal amount of the loan.","evidence_excerpt":"the Company has agreed to issue $25 million of shares of newly created Series B preferred stock of the Company (the “Preferred Stock”) in exchange for $25 million outstanding principal amount of the loan, which Preferred Stock will be issued following the filing of a certificate of designation for the Preferred Stock with the Secretary of State of the State of Nevada","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1847986/000149315225018691/0001493152-25-018691-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"$25 million of shares of newly created Series B preferred stock"},{"label":"Purchaser","value":"the Lenders"},{"label":"Consideration","value":"in exchange for $25 million outstanding principal amount of the loan"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}