Dragonfly Energy Holdings Corp. Enters Sixth Amendment to Term Loan Agreement

Dragonfly Energy Holdings Corp. has entered its sixth amendment to a term loan agreement. The company is a lithium battery technology firm specializing in cell manufacturing, battery pack assembly, and full system integration. It offers battery packs through OEMs and a retail customer base under its Battle Born Batteries brand. The company also provides a range of accessories for battery systems, including chargers, inverters, and monitors.

Dragonfly Energy Holdings Corp. (DFLI) has entered its sixth amendment to a term loan agreement, marking a significant development in the company's financial strategy. The lithium battery technology firm, specializing in cell manufacturing, battery pack assembly, and full system integration, has expanded its operations and product offerings, including a range of accessories such as chargers, inverters, and monitors under its Battle Born Batteries brand.

The recent amendment to the term loan agreement comes amidst a period of strategic growth for Dragonfly Energy. The company has been actively expanding its distribution network and product portfolio to meet the growing demand for lithium battery solutions. This move is part of a broader strategy to enhance its market presence and drive near-term revenue growth.

Dragonfly Energy's recent public offering, announced on October 16, 2025, raised approximately $55.4 million, with proceeds allocated to working capital, debt restructuring, and investments in next-generation battery technologies, according to QuiverQuant. The company aims to use these funds to prepay $45 million of outstanding debt, a move that could improve its financial stability and facilitate further growth.

The sixth amendment to the term loan agreement is expected to provide Dragonfly Energy with additional financial flexibility, enabling it to pursue new opportunities and initiatives in the energy storage and battery technology sector. The company's overarching mission is to deploy its proprietary, nonflammable, all-solid-state battery cells, positioning it as a leader in the industry.

Dragonfly Energy's commitment to innovation and strategic expansion is reflected in its recent partnership announcements and product launches. For instance, the company has expanded its U.S. distribution network, adding two new partners—Golden Enterprises (New York) and SHUR-SALES (12 western states)—to bring its FCL-X™ lithium battery fire-extinguishing products to more customers, as reported by StockTitan.

As Dragonfly Energy continues to evolve and grow, investors and financial professionals should closely monitor the company's financial health and strategic initiatives. The recent amendments to the term loan agreement and public offerings highlight the company's proactive approach to managing its finances and driving growth.