Dragonfly Energy Holdings Corp.: enters term loan amendment and Series B waiver

What happened

• The filing says that on Sep 30, 2026 the Company, its subsidiary Dragonfly Energy Corp., Battle Born Battery Products, LLC, the lenders and Alter Domus (US) LLC as agent entered into a limited waiver and eighth amendment to the Term Loan, Guarantee and Security Agreement.
• The filing also says that on Sep 30, 2026 the Company and the holders of all outstanding Series B Convertible Preferred Stock entered into a Series B preferred stockholder limited waiver covering the dividend for the quarter ending Sep 30, 2026.

Key details

• The lenders waived testing of the minimum liquidity covenant solely for the fiscal month ending Sep 30, 2026.
• The lenders waived any default arising from deferral of a portion of the cash dividend payable Oct 1, 2026 on the Series B Preferred Stock, provided the dividend is paid per the modified schedule in the Series B Waiver.
• The Company will pay an amendment fee of $450,000, payable-in-kind by adding the amount to the outstanding principal balance of the Term Loan.
• Under the Series B Waiver the Company must pay cash dividends equal to 2% per annum on or prior to Oct 1, 2026 and cash dividends equal to 6% per annum on or prior to Oct 30, 2026; payment-in-kind dividends will continue to accrue at 2% per annum.

Why it may matter

• The filing is Item 1.01 (entry into a material definitive agreement) and describes waivers and an amendment to the Company’s senior secured term loan facility; the filing also reports Item 2.03 (creation of a direct financial obligation) and Item 3.03 (material modification to rights of security holders) as related disclosures.
• The Eighth Amendment and the Series B Waiver are attached as Exhibits 10.1 and 10.2 to the Form 8-K, respectively. This filing does not show why the insider traded or why the company acted.