Dragonfly Energy Holdings Corp. - Form 8-K Filing

Dragonfly Energy Holdings Corp. announced on July 31, 2026, that its wholly-owned subsidiary, Dragonfly Energy Corp., entered into an asset purchase agreement to acquire substantially all operating assets associated with the Dakota Lithium® brand from Clean Liquidation, LLC for a total purchase price of $4.0 million. This amount consists of $1 million in cash and 1,500,000 shares of the Company's common stock, valued at $2.00 per share. The acquisition was made on an "as is" and "where is" basis. The Company also entered into a Securities Receipt Agreement with the recipients of the shares, which are subject to a 12-month lock-up period. Additionally, Dragonfly Energy Holdings Corp. entered into the Seventh Amendment to its Term Loan Agreement. This amendment includes lender consent to the transaction, a modification of the interest rate to 14.0% payable-in-kind from August 2026 through December 2026, an extension of the commencement date for testing leverage ratio covenants to September 30, 2027, and a revised minimum liquidity covenant. The company also reported the creation of a direct financial obligation and unregistered sales of equity securities in connection with these transactions.