Dragonfly Energy Regains Full Compliance with Nasdaq Continued Listing Requirements

Core Insights - Dragonfly Energy Holdings Corp. has regained compliance with Nasdaq's minimum bid price and market value requirements, ensuring its continued listing on the Nasdaq Capital Market [1] - The company will remain under a Mandatory Panel Monitor for one year, which could lead to a Delist Determination Letter if compliance is not maintained [1] Company Overview - Dragonfly Energy is a leader in lithium battery technology, focusing on cell manufacturing, battery pack assembly, and full system integration [2] - 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 [2] - Dragonfly Energy utilizes a patented dry electrode manufacturing process to produce chemistry-agnostic power solutions for various applications, including energy storage systems, electric vehicles, and consumer electronics [2] - The company's mission includes the future deployment of proprietary, nonflammable, all-solid-state battery cells [2]