secwatch.observer — SEC 8-K summary
======================================

Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001493152-25-020907
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315225020907/0001493152-25-020907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315225020907/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-020907

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer