Dragonfly Energy Announces Proposed Public Offering of Common Stock and Pre-Funded Warrants

Core Viewpoint - Dragonfly Energy Holdings Corp. has initiated an underwritten public offering of its common stock and pre-funded warrants, with the intention to use the proceeds for working capital and debt repayment [1][2]. Group 1: Offering Details - The company is offering common stock and pre-funded warrants, with a potential 30-day option for underwriters to purchase an additional 15% of the securities at the public offering price [1]. - The offering is subject to market conditions, and there is no guarantee regarding its completion or the final terms [1]. Group 2: Financial and Corporate Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, including repayment of existing debt [2]. Group 3: Company Background - Dragonfly Energy is a leader in lithium battery technology, focusing on cell manufacturing, battery pack assembly, and system integration [5]. - The company is known for its Battle Born Batteries® brand and has a significant presence in the lithium battery industry, with a patented dry electrode manufacturing process [5]. - Dragonfly Energy aims to advance clean energy solutions through the development of nonflammable, all-solid-state battery cells [5].