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Dragonfly Energy Collaborates with PACCAR on Whitepaper Addressing Lithium-Powered Solutions to Reduce Idling and Fuel Costs in Trucking
Globenewswire· 2025-10-09 11:30
Core Insights - Dragonfly Energy Holdings Corp. has published a whitepaper in collaboration with PACCAR Inc. focusing on reducing idling and fuel costs for commercial fleets [1][2] - The whitepaper evaluates lithium-powered idle-reduction solutions, highlighting their performance and operational benefits compared to traditional diesel-powered systems [2][4] Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing and battery pack assembly, with a strong presence in the energy storage market [6] - The company’s Battle Born Batteries brand has established a reputation for reliability, with hundreds of thousands of battery packs deployed [6] Whitepaper Findings - The whitepaper presents data showing significant reductions in fuel consumption and emissions through the use of lithium-powered idle-reduction technologies [4][7] - Key outcomes include improved driver comfort and safety, lower maintenance costs, and extended engine life due to reduced idle wear [7] Collaboration with PACCAR - The partnership with PACCAR allowed for rigorous testing of lithium-powered solutions at the PACCAR Technical Center, validating their performance under challenging conditions [2][3] - The collaboration emphasizes the importance of operational efficiency and maximizing asset utilization for fleets [3]
Dragonfly Energy Announces Closing of $28.75 Million Underwritten Offering of Common Stock including Full Exercise of Underwriters' Option to Purchase Additional Shares
Globenewswire· 2025-10-08 11:30
Core Viewpoint - Dragonfly Energy Holdings Corp. has successfully closed an underwritten offering of 23 million shares of common stock, raising approximately $28.75 million in gross proceeds at a price of $1.25 per share [1][3]. Group 1: Offering Details - The offering included the full exercise of the underwriters' option to purchase an additional 3 million shares [1]. - Canaccord Genuity acted as the sole bookrunner, while Roth Capital Partners served as co-manager for the offering [2]. - The offering was conducted under a shelf registration statement declared effective by the SEC on November 24, 2023 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, including the repayment of $4 million under a term loan agreement [3]. - The company plans to invest in initiatives aimed at driving near-term revenue and strategic investments in next-generation battery technologies, particularly in scaling the dry electrode process and its application to solid-state batteries [3]. Group 3: Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing, battery pack assembly, and full system integration [6]. - The company is known for its Battle Born Batteries® brand and has deployed hundreds of thousands of reliable battery packs through top-tier OEMs and a diverse retail customer base [6]. - Dragonfly Energy's patented dry electrode manufacturing process offers chemistry-agnostic power solutions for various applications, including energy storage systems, electric vehicles, and consumer electronics [6].
Dragonfly Energy Stock Falls After 100% Move
Yahoo Finance· 2025-10-06 15:43
Core Viewpoint - Dragonfly Energy Holdings Corp is experiencing a decline in share price following the announcement of a public offering of 20 million shares at $1.25 each, aiming to raise approximately $25 million in gross proceeds [1][5]. Group 1: Public Offering Details - The company has priced its underwritten public offering at $1.25 per share, with a total of 20 million shares being offered, which is expected to generate around $25 million before fees and expenses [1]. - Underwriters have a 30-day option to purchase an additional 3 million shares at the same price, excluding underwriting discounts and commissions [1]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for working capital and general corporate purposes, including repaying $4 million under its term loan [3]. - The company plans to fund initiatives that generate near-term revenue and advance next-generation battery technologies, particularly focusing on scaling its dry electrode process and solid-state battery development [3]. Group 3: Stock Performance - Dragonfly's shares have seen a significant increase of 423.1% over the past month, but are still down 55.2% year-to-date, despite a 117.6% increase in the last six months [5]. - Following a 100% jump in share price due to funding announcements, the stock was down 23.21% at $1.45 at the time of publication [5].
US Stocks Mixed; Dow Falls 100 Points - Dragonfly Energy Hldgs (NASDAQ:DFLI), Advanced Micro Devices (NASDAQ:AMD)
Benzinga· 2025-10-06 15:05
Company Developments - Advanced Micro Devices (NASDAQ:AMD) shares surged over 27% following a landmark agreement with OpenAI to deploy up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure [2][3] - The initial phase includes a rollout of 1 gigawatt of AMD Instinct MI450 GPUs in the second half of 2026, with plans for further expansions across multiple generations of AMD's data center chips [2] Market Movements - Spruce Biosciences, Inc. (NASDAQ:SPRB) shares increased by 316% after receiving U.S. FDA breakthrough therapy designation for its enzyme replacement therapy for Sanfilippo Syndrome Type B [9] - OneMedNet Corporation (NASDAQ:ONMD) shares surged 143% after selecting Palantir Technologies to enhance its healthcare AI and real-world data analytics operations [9] - Society Pass Incorporated (NASDAQ:SOPA) shares rose by 113% [9] - Lixiang Education Holding Co., Ltd. (NASDAQ:LXEH) shares fell 58% [9] - Skye Bioscience, Inc. (NASDAQ:SKYE) shares dropped 54% after failing to meet primary endpoint in a study [9] - Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) shares decreased by 28% following a $25 million public offering announcement [9] Commodity Updates - Oil prices increased by 0.7% to $61.28, while gold rose by 1.8% to $3,977.90 [6] - Silver traded up 1.1% to $48.485, whereas copper fell by 1.4% to $5.0365 [6]
Dragonfly Energy Announces Pricing of $25.0 Million Underwritten Offering of Common Stock
Globenewswire· 2025-10-06 11:15
Core Viewpoint - Dragonfly Energy Holdings Corp. has announced an underwritten offering of 20 million shares of common stock at $1.25 per share, aiming for gross proceeds of approximately $25 million before expenses [1]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 3 million shares at the public offering price [1]. - Canaccord Genuity is the sole bookrunner, while Roth Capital Partners is acting as co-manager for the offering [2]. - The offering is expected to close on or about October 7, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for working capital and general corporate purposes, including the repayment of $4 million under a term loan agreement [3]. - Funds will also support initiatives aimed at driving near-term revenue and strategic investments in next-generation battery technologies, particularly in scaling the dry electrode process and solid-state batteries [3]. Group 3: Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing, battery pack assembly, and full system integration [6]. - The company is known for its Battle Born Batteries® brand and has deployed hundreds of thousands of battery packs through top-tier OEMs and a diverse retail customer base [6]. - Dragonfly Energy's patented dry electrode manufacturing process enables chemistry-agnostic power solutions for various applications, including energy storage systems and electric vehicles [6].
Dragonfly Energy to be Awarded Nevada Tech Hub Funding to Advance Battery Manufacturing and Workforce Development
Globenewswire· 2025-10-02 11:30
Core Insights - Dragonfly Energy Holdings Corp. has been selected for funding by the Nevada Tech Hub to enhance its lithium battery manufacturing capabilities and workforce development [1][2][3] - The funding, approximately $300,000, will support modernization initiatives aimed at improving efficiency and reducing costs [3][8] - The company plans to expand its skilled workforce through training and hiring initiatives, contributing to Nevada's lithium battery ecosystem [4][5] Company Overview - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and is known for its Battle Born Batteries brand [7][9] - The company utilizes a patented dry electrode manufacturing process, allowing for versatile power solutions across various applications [9] Industry Context - Nevada Tech Hub is part of a national initiative to strengthen the lithium battery supply chain and critical materials ecosystem [2][10] - The program aims to create a closed-loop lithium economy in Nevada, encompassing extraction, processing, manufacturing, and recycling [10]
Dragonfly Energy Holdings Corp. (DFLI) Upgraded to Hold After Ember RV Deal
Yahoo Finance· 2025-09-30 15:50
Group 1 - Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) has been upgraded to hold by Wall Street Zen due to its OEM collaboration with Ember Recreational Vehicles, announced on September 9, 2025 [1] - The new Max Solar Package will provide Ember's customers with a complete energy system, featuring 3.5 to 7 kWh of LiFePO₄ batteries and 1,200 watts of rooftop solar [2] - The partnership aims to enhance customer experience by integrating Battle Born Batteries into Ember's Overland Series, allowing for longer run times and the ability to power real appliances off the grid [3] Group 2 - Dragonfly Energy Holdings Corp. is based in Reno, Nevada, and specializes in manufacturing and selling deep-cycle lithium-ion batteries for various markets, including vehicles and energy storage [4]
Dragonfly Energy Showcases Technical Leadership at The Battery Show North America 2025
Globenewswire· 2025-09-29 11:30
Core Insights - Dragonfly Energy Holdings Corp. will showcase its technical leadership in lithium battery manufacturing and hybrid electrification at The Battery Show North America 2025, scheduled for October 6 to 9, 2025, in Detroit [3][4][5] Company Overview - Dragonfly Energy is recognized as a leader in energy storage, specializing in lithium battery technology, cell manufacturing, and battery pack assembly, with its Battle Born Batteries brand being widely deployed [8] - The company employs a patented dry electrode manufacturing process, enabling chemistry-agnostic power solutions for various applications, including energy storage systems and electric vehicles [8] Event Participation - The Battery Show is the largest advanced battery and electric vehicle technologies event in North America, attracting thousands of professionals from the energy storage supply chain [4] - Dragonfly Energy's leadership will engage in workshops and panel discussions, focusing on U.S. manufacturing challenges, hybrid electrification in trucking, and fundamental battery knowledge [5][6] Strategic Focus - The company emphasizes advancing dialogue around energy storage and manufacturing innovation, aiming to strengthen the industry through collaboration and technical progress [5][6]
Dragonfly Energy Expands OEM Collaboration with Ember
Globenewswire· 2025-09-09 11:30
Core Insights - Dragonfly Energy Holdings Corp. has announced that Ember Recreational Vehicles will standardize Battle Born Batteries in its 2026 Overland Series, enhancing their long-term partnership that began in 2021 [3][6] - The new Max Solar Package, powered by Battle Born, offers a complete energy system for off-grid adventures, featuring deep cycle batteries with capacities ranging from 3.5 to 7 kWh [4][7] - The integration of Battle Born Batteries into Ember's Overland Series aims to provide customers with enhanced energy storage capacity, enabling longer run times and the ability to power appliances while off the grid [6][8] Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing, battery pack assembly, and full system integration, with a focus on its Battle Born Batteries brand [9] - The company employs a patented dry electrode manufacturing process, allowing for chemistry-agnostic power solutions applicable in various sectors, including energy storage systems and electric vehicles [9] - Dragonfly Energy's mission includes the future deployment of proprietary, nonflammable, all-solid-state battery cells, positioning the company at the forefront of clean energy advancements [10]
Dragonfly Energy Secures Patent for Wakespeed® Charge Control Technology
GlobeNewswire News Room· 2025-09-04 11:30
Core Viewpoint - Dragonfly Energy Holdings Corp. has secured a new U.S. patent for its Wakespeed® Charge Control technology, enhancing its competitive position in the energy storage industry and expanding its intellectual property portfolio [1][8]. Group 1: Patent and Technology - The newly issued patent (No. 12,403,782) focuses on the transfer of power from a towing vehicle to a trailer for charging onboard batteries, which is a significant advancement in vehicle-to-trailer charging capabilities [1][2]. - The Wakespeed Charge Control technology allows for power transfer at kilowatt levels and higher voltages (such as 48V and beyond), addressing the limitations of traditional 12V connectors [2][3]. - The technology includes safety features to prevent electrical arcs and ensure reliable operation during various connection scenarios [2][3]. Group 2: Competitive Position and Strategy - The patent reinforces Dragonfly Energy's competitive position by protecting technology that integrates batteries, alternators, and charging systems safely and efficiently [3][8]. - With approximately 100 patents filed, pending, or granted, the company is expanding its intellectual property portfolio, which supports OEM adoption and creates opportunities for technology integration across various platforms [4][8]. - The company is strategically shifting from a focus solely on batteries to providing full power system solutions across multiple industries [3][8]. Group 3: Company Overview - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing, battery pack assembly, and full system integration, with its Battle Born Batteries® brand being a leader in the industry [5]. - The company employs a patented dry electrode manufacturing process that enables chemistry-agnostic power solutions for diverse applications, including energy storage systems and electric vehicles [5].