# EDGAR Filing Document

**Accession Number:** 0001847986
**File Stem:** 0001493152-25-018142
**Filing Date:** 2025-10
**Character Count:** 14111
**Document Hash:** ba4b0989cee6901e25fcda65cdf021c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-018142.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0001493152-25-018142

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251015

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dragonfly Energy Holdings Corp.
- **CENTRAL INDEX KEY:** 0001847986
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 851873463
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40730
- **FILM NUMBER:** 251394829

**BUSINESS ADDRESS:**
- **STREET 1:** 12915 OLD VIRGINIA ROAD
- **CITY:** RENO,
- **STATE:** NV
- **ZIP:** 89521
- **BUSINESS PHONE:** (775) 622-3448

**MAIL ADDRESS:**
- **STREET 1:** 12915 OLD VIRGINIA ROAD
- **CITY:** RENO,
- **STATE:** NV
- **ZIP:** 89521

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Chardan NexTech Acquisition 2 Corp.
- **DATE OF NAME CHANGE:** 20210225

?xml version='1.0' encoding='ASCII'?

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of** 

**the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): October 15, 2025**

**DRAGONFLY ENERGY HOLDINGS CORP.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-40730** | **85-1873463** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **12915 Old Virginia Road**<br>**Reno** **, Nevada** | **89521** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**(775)** **622-3448**

**(Registrant's telephone number, including area code)**

**N/A**

**(Former name or former address, if changed since last report.)** 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common Stock, par value $0.0001 per share** | **DFLI** | **The Nasdaq** **Capital Market** |
| **Redeemable warrants, exercisable for common stock** | **DFLIW** | **The Nasdaq** **Capital Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On October 15, 2025 at the 2025 Annual Meeting of Stockholders (the "**Annual Meeting**") of Dragonfly Energy Holdings Corp. (the "**Company**"), the Company's stockholders approved an amendment (the "**Plan Amendment**") to the Company's 2022 Equity Incentive Plan (the "**2022 Plan**") increasing the number of shares available for issuance under the 2022 Plan by 9,000,000 shares. The Plan Amendment became effective following its approval by the Company's stockholders.

The foregoing description of the Plan Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

**Item 5.07 Submission of Matters to a Vote of Security Holders.** 

On October 15, 2025, at the Annual Meeting, the Company's stockholders voted on the following proposals: (i) the election of two Class C directors to hold office until the 2028 annual meeting of stockholders; (ii) the adoption of a proposal to authorize the Board of Directors of the Company (the "**Board**"), in its discretion at any time within one year after stockholder approval is obtained, to effect a reverse stock split of only the then-outstanding shares of common stock (with no change to the authorized capital stock of the Company), at a ratio of not less than one-for-two (1:2) and not greater than one-for-fifty (1:50), with the exact ratio to be determined by the Board and included in a public announcement (the "**Reverse Stock Split Proposal**"); (iii) the approval of an amendment to the Articles of Incorporation of the Company ("**Articles of Incorporation**"), as amended, to increase the number of common stock authorized for issuance thereunder to 400,000,000 in the event a reverse stock split of our common stock is effectuated in which our authorized common stock is reduced on a pro rata basis with such reverse stock split (the "**Increase in Authorized Proposal**"); (iv) the approval of an amendment to the 2022 Plan to increase the number of shares of common stock authorized for issuance thereunder by 9,000,000 to 10,217,504 (the "**Equity Plan Proposal**"); (v) the approval of an amendment to the Articles of Incorporation to adjust the voting requirements to amend the number of shares of authorized common stock and preferred stock (the "**Voting Standard Proposal**"); (vi) the adjournment of the Annual Meeting in the event that the number of shares of the Company's common stock present or represented by proxy at the Annual Meeting and voting "FOR" the approval of the Reverse Stock Split Proposal, the Increase in Authorized Proposal, the Equity Plan Proposal and/or the Voting Standard Proposal were insufficient to approve such proposals (the "**Adjournment Proposal**"); and (vii) the ratification of CBIZ CPAs P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025 (the "**Auditor Proposal**").

The voting results for each item of business voted upon at the Annual Meeting were as follows:

1. The
 votes cast with respect to the proposal to elect the following Class C directors, Denis Phares and Luisa Ingargiola, as directors
 of the Company to hold office until the 2028 annual meeting and until his or her successor has been duly elected and qualified, or,
 if sooner, until the director's death, resignation or removal, were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **FOR** | **WITHHELD** | **BROKER<br> NON-VOTES** |
| Denis Phares | 7477118 | 289139 | 14860902 |
| Luisa Ingargiola | 6519616 | 1246641 | 14860902 |

---

As a result, the stockholders elected each nominee to serve as a Class C director of the Company.

2. The
 votes cast with respect to the Reverse Stock Split Proposal were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **FOR** | **AGAINST** | **ABSTAIN** | **BROKER** <br> **NON-VOTES** |
| 16629329 | 5277196 | 714790 | 5844 |

---

As a result, the stockholders approved the Reverse Stock Split Proposal.

3. The
 votes cast with respect to the Increase in Authorized Proposal were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **FOR** | **AGAINST** | **ABSTAIN** | **BROKER** <br> **NON-VOTES** |
| 15346941 | 6556170 | 724039 | 9 |

---

As a result, the stockholders have not approved the Increase in Authorized Proposal.

4. The
 votes cast with respect to the Equity Plan Proposal were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **FOR** | **AGAINST** | **ABSTAIN** | **BROKER** <br> **NON-VOTES** |
| 4925644 | 2657200 | 183413 | 14860902 |

---

As a result, the stockholders approved the Equity Plan Proposal.

5. The
 votes cast with respect to the Voting Standard Proposal were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **FOR** | **AGAINST** | **ABSTAIN** | **BROKER** <br> **NON-VOTES** |
| 5756608 | 1940613 | 69036 | 14860902 |

---

As a result, the stockholders have not approved the Voting Standard Proposal.

6. The
 votes cast with respect to the Adjournment Proposal were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **FOR** | **AGAINST** | **ABSTAIN** | **BROKER** <br> **NON-VOTES** |
| 16511902 | 5994681 | 120576 | 0 |

---

As a result, the stockholders approved the Adjournment Proposal. The Adjournment Proposal was deemed not necessary and not acted upon at the Special Meeting.

7. The
 votes cast with respect to the Auditor Proposal were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **FOR** | **AGAINST** | **ABSTAIN** | **BROKER** <br> **NON-VOTES** |
| 20627841 | 1559829 | 439489 | 0 |

---

As a result, the stockholders ratified the appointment of CBIZ CPAs P.C. to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

<u>Exhibit No.</u> <u>Description</u> <br> 10.1 [Amendment to the Dragonfly Energy Holdings Corp.'s 2022 Equity Incentive Plan.](ex10-1.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**SIGNATURES**

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.** | **DRAGONFLY ENERGY HOLDINGS CORP.** |
| Date: October 15, 2025 | By: | */s/ Denis Phares* |
|  | Name: | Denis Phares |
|  | Title: | Chief Executive Officer and Interim Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**2022 Equity Incentive Plan Amendment**

**AMENDMENT TO THE**

**DRAGONFLY ENERGY HOLDINGS CORP.**

**2022 EQUITY INCENTIVE PLAN**

**Dated: September 5, 2025**

**WHEREAS**, the Board of Directors (the "<u>Board</u>") of Dragonfly Energy Holdings Corp., a Delaware corporation (the "<u>Company</u>") heretofore established the Dragonfly Energy Holdings Corp. 2022 Equity Incentive Plan (the "<u>Plan</u>");

**WHEREAS**, after giving effect to the 1-for-9 reverse stock split effectuated on November 22, 2024 and shares of common stock of the Company ("<u>Common Stock</u>") added to the Plan pursuant to the Plan's "evergreen" provision effective on January 1 of each of 2023, 2024 and 2025 (which aggregate 749,454) (the "<u>Evergreen Shares</u>"), the maximum number of shares of Common Stock currently available for grants of awards under the Plan (without reduction for shares of Common Stock that have previously been issued pursuant to the Plan or that are the subject of outstanding Awards under the Plan) is 1,217,443;

**WHEREAS**, after taking into account shares of Common Stock that have previously been issued pursuant to the Plan or that are the subject of outstanding awards under the Plan, there are currently 845,899 shares of Common Stock remaining available for additional awards under the Plan;

**WHEREAS**, in order to ensure that a sufficient number of shares of Common Stock continue to be available under the Plan in order to properly incentivize those eligible to participate in the Plan, including future eligible participants, the Board believes it to be in the best interests of the Company and its shareholders to increase the maximum number of shares of Common Stock available for grants of Awards under the Plan by 9,000,000 additional shares of Common Stock (the "<u>Additional Reserved Shares</u>");

**WHEREAS**, the Board further believes it to be in the best interests of the Company and its shareholders that all such Additional Reserved Shares and the Evergreen Shares be available for grants under the Plan as "incentive stock options" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>");

**WHEREAS**, Section 8.6.2 of the Plan authorizes the Board to amend the Plan, subject to stockholder approval to the extent that such approval is required by applicable law.

**NOW, THEREFORE**, subject to approval of the Company's stockholders, effective the date hereof, the Plan is hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Clause (1) of Section 4.2 of the Plan is hereby amended by substituting 10,217,504 shares for 2,785,950 shares therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Section 4.3(a) of the Plan is hereby amended in its entirety to read as follows:

"(a) The maximum number of shares of Common Stock that may be delivered pursuant to options qualified as incentive stock options granted under this Plan is 10,217,504."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Except as amended herein, the Plan shall remain in full force and effect.

**IN WITNESS WHEREOF**, the undersigned has executed this Amendment as evidence of its adoption by the Board.

---

| | |
|:---|:---|
| */s/ Denis Phares* | */s/ Denis Phares* |
| Name: | Denis Phares |

---