{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-020907","form_type":"8-K","ticker":"DFLI","cik":"0001847986","company_name":"Dragonfly Energy Holdings Corp.","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.792853+00:00","generated_at":"2026-05-17T00:24:38.272599+00:00","sec_items":["1.01","3.02","5.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Dragonfly Energy converts $25M term loan into Series B Preferred Stock","bullets":["Issued $25M Series B Preferred (stated value $1,000/share) in exchange for $25M principal of Term Loan.","Preferred convertible at $3.15/share, yielding up to ~7.94M common shares; subject to 4.99% ownership cap.","10% annual dividend, payable quarterly: 80% cash, 20% paid-in-kind; ranks senior to all other stock.","Company may redeem at Optional Redemption Price; mandatory 50% of future equity offering net proceeds toward redemption.","Holders can force redemption if not redeemed by Oct 7, 2027 or upon non-payment event."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-020907","json":"https://secwatch.observer/filing/0001493152-25-020907.json","markdown":"https://secwatch.observer/filing/0001493152-25-020907.md","text":"https://secwatch.observer/filing/0001493152-25-020907.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1847986/000149315225020907/0001493152-25-020907-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1847986/000149315225020907/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:24:38.272599+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":"77d077da88dd07424be584c5e2ba383db843c919","claim":"Dragonfly Energy Holdings Corp. issued $25 million of shares of preferred stock to Lenders for $25 million outstanding principal amount of the Term Loan.","evidence_excerpt":"on November 4, 2025, the Company and the Lenders entered into an exchange agreement (the “Exchange Agreement”) pursuant to which the Company issued $25 million of shares of newly created Series B Convertible Preferred Stock of the Company (the “Series B Preferred Stock”) in exchange for $25 million outstanding principal amount of the Term Loan.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1847986/000149315225020907/0001493152-25-020907-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"$25 million of shares"},{"label":"Purchaser","value":"Lenders"},{"label":"Consideration","value":"$25 million outstanding principal amount of the Term Loan"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}