Dragonfly Energy Restructures Debt with $45M Prepayment and New Preferred Stock Issue

Dragonfly Energy has finalized a definitive term loan restructuring agreement, reducing outstanding debt and aligning capital resources to support growth strategy. The restructuring includes prepaid $45mln, converted $25mln into preferred stock, forgiven $5mln, and remaining $19mln with a fixed interest rate of 12% per annum. The move is expected to position the company to execute on potential growth opportunities and drive long-term shareholder value.