On October 20, 2025, Dragonfly Energy Holdings Corp. announced a restructuring of its term loan, including a $45 million prepayment from a recent stock offering and issuance of $25 million in preferred stock, convertible to common stock at $3.15 per share. This event involves significant financial adjustments, including a $5 million principal forgiveness from lenders and a remaining $17 million debt with a 12% interest rate.