Dragonfly energy announces corporate debt restructuring and capital raise

Debt restructuring with maturity extension and covenant waiver concurrent $3.5 million capital raise with second contingent tranche of $4.5 million transactions significantly increase financial flexibility and liquidity reno, nev., feb. 27, 2025 (globe newswire) -- dragonfly energy holdings corp. (“dragonfly energy” or the “company”) (nasdaq: dfli), an industry leader in energy storage and battery technology, today announced the completion of an amendment of its existing debt facility and a concurrent $3.5 million registered direct offering and private placement of the company's series a convertible preferred stock (the “preferred stock”) with a single institutional investor, with a second contingent tranche of $4.5 million, subject to satisfaction of certain events as described below, which the company believes significantly enhance the company's financial flexibility and liquidity.
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