Dragonfly Energy Holdings Corp. Files 8-K for Officer/Director Changes
Ticker: DFLIW · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1847986
| Field | Detail |
|---|---|
| Company | Dragonfly Energy Holdings Corp. (DFLIW) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $350,000, $550,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, financials, governance
Related Tickers: DFLI
TL;DR
DFLI board shakeup and new execs effective Feb 1st, plus financials filed.
AI Summary
Dragonfly Energy Holdings Corp. filed an 8-K on February 5, 2025, reporting changes effective February 1, 2025. The filing pertains to the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. It also includes financial statements and exhibits.
Why It Matters
Changes in board and officer composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and the filing of financial statements can introduce uncertainty and reveal new financial information, warranting careful review.
Key Numbers
- 20250201 — Effective Date (Date of earliest event reported)
- 20250205 — Filing Date (Date of report)
Key Players & Entities
- Dragonfly Energy Holdings Corp. (company) — Registrant
- Chardan NexTech Acquisition Corp. (company) — Former Company Name
- 0001493152-25-005013 (filing_id) — Accession Number
FAQ
What specific changes were made to the board of directors and officer appointments?
The filing indicates the departure of directors, election of directors, and appointment of certain officers, effective February 1, 2025. Specific names and roles are detailed within the filing's exhibits.
Are there any new compensatory arrangements for the officers mentioned?
Yes, the filing explicitly mentions 'Compensatory Arrangements of Certain Officers' as an item of disclosure, suggesting new or updated compensation plans.
What is the significance of the former company name 'Chardan NexTech Acquisition Corp.'?
Dragonfly Energy Holdings Corp. was formerly known as Chardan NexTech Acquisition Corp., with a name change occurring on February 25, 2021.
What financial information is included in this 8-K filing?
The filing includes 'Financial Statements and Exhibits', indicating that financial information is being provided or updated.
What is the primary business of Dragonfly Energy Holdings Corp. according to the SIC code?
The Standard Industrial Classification (SIC) code is 3690, which corresponds to 'MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES'.
Filing Stats: 1,278 words · 5 min read · ~4 pages · Grade level 11.4 · Accepted 2025-02-05 16:15:21
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share DFLI The Nasdaq Capital M
- $350,000 — es for an initial annual base salary of $350,000 (the "Base Salary") and a discretionary
- $550,000 — ards, with a target grant date value of $550,000 in the discretion of the Company's Comp
Filing Documents
- form8-k.htm (8-K) — 49KB
- ex10-1.htm (EX-10.1) — 120KB
- 0001493152-25-005013.txt ( ) — 415KB
- dfli-20250201.xsd (EX-101.SCH) — 4KB
- dfli-20250201_def.xml (EX-101.DEF) — 29KB
- dfli-20250201_lab.xml (EX-101.LAB) — 36KB
- dfli-20250201_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 6KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Chief Operating Officer Appointment Dragonfly Energy Holdings Corp. (the "Company") has appointed Dr. Vickram Singh, the Company's current Senior Vice President of Technology, as the Company's Chief Operating Officer pursuant to an employment agreement. Dr. Singh's employment as the Company's Chief Operating Officer commenced on February 4, 2025. Dr. Singh, age 31, has served as the Company's Senior Vice President of Technology from January 2024 to February 2025. Previously, Dr. Singh served as the Company's Director of Research and Development from April 2022 to January 2024 and as the Senior Research and Development Scientist from April 2021 to April 2022 and Research and Development Scientist from April 2020 to April 2021 for Dragonfly Energy Corp., the Company's wholly-owned subsidiary. From August 2019 to February 2020, Dr. Singh was a Postdoctoral Research Fellow at the Lawrence Livermore National Laboratory's Center for Global Security Research. Dr. Singh also served as a Nuclear Regulatory Commission Fellow at the University of Nevada, Reno where he received a Ph.D. in Materials Science and Engineering. He also holds a B.S. in Chemical Engineering from the University of Tennessee, Knoxville. There are no arrangements or understandings between Dr. Singh and any other persons pursuant to which Dr. Singh was selected as an officer of the Company, Dr. Singh has no family relationships with any of the Company's directors or executive officers, and Dr. Singh is not a party to and does not have any direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K under the Securities Act of 1933, as amended. Employment Agreement In connection with Dr. Singh's appointment as Chief Operating Officer, the Company entered into an employment agreement with
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Employment Agreement by and between Vickram Singh and Dragonfly Energy Holdings Corp, dated February 1, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DRAGONFLY ENERGY HOLDINGS CORP. Dated: February 5, 2025 By: /s/ Denis Phares Name: Denis Phares Title: Chief Executive Officer, Interim Chief Financial Officer and President