---
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"
generated_at: "2026-05-17T00:24:38.272599+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dragonfly Energy converts $25M term loan into Series B Preferred Stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-020907
- JSON: https://secwatch.observer/filing/0001493152-25-020907.json
- Plain text: https://secwatch.observer/filing/0001493152-25-020907.txt

## Key facts
- Equity Issuances
  Dragonfly Energy Holdings Corp. issued $25 million of shares of preferred stock to Lenders for $25 million outstanding principal amount of the Term Loan.
  - Security: preferred stock
  - Shares: $25 million of shares
  - Purchaser: Lenders
  - Consideration: $25 million outstanding principal amount of the Term Loan
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1847986/000149315225020907/0001493152-25-020907-index.htm

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