Business Context and Reporting Period
Company: Dragonfly Energy Holdings Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: March 10, 2023
Reporting Period: Specific event date of March 10, 2023.
Context: The filing addresses a Regulation FD Disclosure regarding the company's banking relationships in response to market events involving Silicon Valley Bank.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of a specific event rather than a financial performance statement.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing serves to clarify the company's exposure to a specific financial institution.
Management Commentary and Risks
Item 7.01 Regulation FD Disclosure:
- Dragonfly Energy Holdings Corp. confirms it does not hold any cash deposits or securities at Silicon Valley Bank.
- The company maintains no accounts at, nor has any other banking relationship with, Silicon Valley Bank.
- The disclosure mitigates investor concern regarding potential liquidity risks or asset freezes associated with Silicon Valley Bank.
Investor Verification Checklist
- Verify the company's primary banking relationships through subsequent filings or investor relations updates.
- Confirm the status of the company's cash reserves and liquidity position in the most recent 10-Q or 10-K filing.
- Monitor for any future 8-K filings regarding changes in banking partners or liquidity events.