4//SEC Filing
PROPPER KERRY 4
Accession 0001209191-22-053506
CIK 0001847986other
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 7:25 PM ET
Size
6.9 KB
Accession
0001209191-22-053506
Insider Transaction Report
Form 4
PROPPER KERRY
Director
Transactions
- Award
Common Stock
2022-10-07+15,000→ 500,000 total(indirect: See footnote)
Footnotes (3)
- [F1]On October 7, 2022, the Issuer consummated its initial business combination (the "Business Combination") with Dragonfly Energy Corp. In connection with the Business Combination, Chardan Capital Markets LLC ("CCM LLC") was party to a subscription agreement (the "Subscription Agreement"), pursuant to which CCM LLC agreed to purchase 500,000 shares of common stock from the Issuer for aggregate proceeds of $5 million.
- [F2]Under the Subscription Agreement, the number of shares CCM LLC was obligated to purchase was to be reduced by the number of shares purchased by CCM LLC in the open market (and not redeemed), and the aggregate price to be paid under the Subscription Agreement was to be reduced by the amount of proceeds received by the Issuer because such shares were not redeemed. After CCM LLC's open market purchases of 485,000 shares of common stock prior to the closing of the Business Combination, pursuant to the terms of the Subscription Agreement, CCM LLC received these 15,000 shares for no additional consideration.
- [F3]Represents securities held directly by CCM LLC, for which Mr. Propper is the Chairman, a co-founder and a partner. Following the closing of the Business Combination, all investment and voting power over these Issuer securities was delegated to another manager of CCM LLC, and Mr. Propper disclaims any beneficial ownership over these securities.
Documents
Issuer
Dragonfly Energy Holdings Corp.
CIK 0001847986
Entity typeother
Related Parties
1- filerCIK 0001282327
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 7:25 PM ET
- Size
- 6.9 KB