---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-045583"
form_type: "8-K"
ticker: "DFLI"
cik: "0001847986"
company_name: "Dragonfly Energy Holdings Corp."
filed_at: "2026-10-02T21:00:40+00:00"
generated_at: "2026-10-12T14:40:30.406701+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dragonfly Energy gets term loan covenant waiver, defers Series B dividend; $450,000 fee added to principal

## Summary
- Lenders waived testing of the minimum liquidity covenant for fiscal month ending September 30, 2026, and waived default from deferring Series B cash dividend due October 1, 2026.
- Company will pay Lenders a $450,000 amendment fee paid-in-kind by adding it to the Term Loan principal balance.
- Series B holders (100% of outstanding) waived full cash dividend for quarter ending Sept 30; 2% paid by Oct 1, 2026, 6% by Oct 30, 2026; PIK dividends accrue at 2%.
- Series B Preferred carries a 10% annual dividend rate, normally payable 8% cash and 2% PIK, per Nov 4, 2025 Certificate of Designation.
- Term Loan Agreement dated Oct 7, 2022, as amended; subsidiary Dragonfly Energy Corp. is borrower, Holdings and Battle Born are guarantors.

## SEC filing metadata
- accession: 0001493152-26-045583
- form_type: 8-K
- ticker: DFLI
- cik: 0001847986
- company_name: Dragonfly Energy Holdings Corp.
- filed_at: 2026-10-02T21:00:40+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847986/000149315226045583/0001493152-26-045583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847986/000149315226045583/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-045583
- JSON: https://secwatch.observer/filing/0001493152-26-045583.json
- Plain text: https://secwatch.observer/filing/0001493152-26-045583.txt

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