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8-K ·Filed Oct 2, 2026

DFLI

Dragonfly Energy Holdings Corp.
BEARISH
Impact 6/10
Horizonweeks Processed23d 22h ago SEC0001493152-26-045583
8-K material event: Items 1.01
Actionable Insight ▼ Bearish

The repeated pattern of amendments (eighth amendment since 2022) signals that the company is under sustained covenant pressure and liquidity is tight. The next liquidity test (October 2026) and the October 30, 2026 deferred dividend payment are the immediate catalysts. Monitor for a potential Ninth Amendment or a broader restructuring if liquidity does not improve.

DirectionBearish
Confidencehigh
Horizonweeks
Latest settled — T+5d
DFLI ▼ -37.68% at T+5d
SHORT call ✓ call won +37.68% · α vs SPY +38.10% · entry $5.68 → $3.54
Next anchor: T+20d in 4d
Latest observation: T+14 +44.58% FF3 residual α
Entry = T+0 close
Oct 2, 2026
via day close
T+1d
-4.23%
call +4.23% · α +4.78%
$5.44
settled 21d ago
T+5d
-37.68%
call +37.68% · α +38.10%
$3.54
settled 17d ago
T+20d
Pending
in 4d
T+60d
Pending
in 2mo

Price Chart

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Executive Summary

Dragonfly Energy entered into its Eighth Amendment to its senior secured term loan agreement, obtaining a waiver of the minimum liquidity covenant for September 2026 and a waiver of default related to deferring a portion of the Series B Preferred Stock cash dividend. The company paid a $450,000 amendment fee (paid-in-kind to principal) and secured a limited waiver from Series B preferred holders to defer 6% of the quarterly cash dividend by 29 days. This is the eighth amendment since 2022, signaling recurring covenant pressure and a tight liquidity position.

Key Financial Metrics

Deal Type
credit_facility

Key Facts

  • Lenders waived testing of the minimum liquidity covenant solely for the fiscal month ending September 30, 2026.
  • Lenders waived default arising from deferral of a portion of the Series B Preferred Stock cash dividend due October 1, 2026.
  • Company paid a $450,000 amendment fee, added to the outstanding principal balance of the Term Loan.
  • Series B preferred holders waived right to receive full cash dividend on October 1, 2026; 2% per annum paid on time, 6% deferred to October 30, 2026.
  • This is the Eighth Amendment to the Term Loan Agreement, with prior amendments dating back to June 2024, indicating repeated covenant breaches.

Financial Impact

Amendment fee of $450,000 paid-in-kind to loan principal; 6% of the quarterly cash dividend on Series B Preferred deferred by 29 days.

liquiditydebtdividend

Risk Factors

  • Recurring covenant waivers signal ongoing operational or liquidity stress; lenders may demand more onerous terms in future amendments.
  • Deferred dividend deferral to preferred holders indicates cash conservation is necessary, potentially limiting operational flexibility.
  • If the company cannot meet the October 30, 2026 deferred dividend payment, a Preferred Default could be triggered, escalating the situation.

Investment Themes

Industrials & Manufacturing

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001493152-26-045583
Exhibit: ex10-2.htm0001493152-26-045583
Document: form8-k.htm0001493152-26-045583
Document: 0001493152-26-045583-index-headers.html0001493152-26-045583
Document: 0001493152-26-045583-index.html0001493152-26-045583
Document: 0001493152-26-045583.txt0001493152-26-045583
10 reports for DFLI
Performance horizon

Track record builds as more directional reports settle.

Filters
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Reports for DFLI — sortable, filterable
TypeNow
Oct 23, 2026
2d ago
8-K
BEARISH ★ 7/10
$2.42awaiting T+5—$2.29 (+5.38%)
Oct 8, 2026
18d ago
8-K
NEUTRAL ★ 4/10
$3.92 $2.92▼ −25.51%▼ −25.23%$2.29 (−41.58%)
Oct 2, 2026
23d ago
8-K
BEARISH ★ 6/10
$5.68 $3.54▲ +37.68%▲ +38.10%$2.29 (+59.68%)
Sep 25, 2026
4w ago
8-K
BEARISH ★ 6/10
$6.84 $5.68▲ +16.96%▲ +18.16%$2.29 (+66.52%)
Jul 31, 2026
12w ago
8-K
MIXED ★ 6/10
$1.17 $1.32▲ +12.82%▲ +9.31%$2.29 (+95.72%)
Jul 31, 2026
12w ago
Press Release
MIXED ★ 6/10
$1.17 $1.32▲ +12.82%▲ +9.31%$2.29 (+95.72%)
Jun 18, 2026
18w ago
8-K
NEUTRAL ★ 3/10
$1.98 $1.82▼ −8.08%▼ −6.41%$2.29 (+15.65%)
Mar 17, 2026
31w ago
8-K/A
MIXED ★ 6/10
$2.28 $2.09▼ −8.33%▼ −5.68%$2.29 (+0.43%)
Mar 16, 2026
31w ago
Press Release
BEARISH ★ 6/10
$2.28 $2.09▲ +8.33%▲ +5.68%$2.29 (−0.43%)
Mar 13, 2026
32w ago
Press Release
NEUTRAL ★ 3/10
$2.99 $2.02▼ −32.44%▼ −30.32%$2.29 (−23.41%)
Showing 10 of 10

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Report published Oct 2, 2026