secwatch.observer — SEC 8-K summary
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Issuer:     Dragonfly Energy Holdings Corp. (DFLI)
CIK:        0001847986
Form:       8-K
Filed at:   2026-10-02T21:00:40+00:00
Accession:  0001493152-26-045583
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847986/000149315226045583/0001493152-26-045583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847986/000149315226045583/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045583

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