RENO, Nev., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage and battery technology, today announced that it has received a letter (the “Letter”) on October 20, 2025 from the Nasdaq Hearings Panel of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company regained compliance with both the minimum bid price requirement in Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) and the min ...

Core Viewpoint - Dragonfly Energy Holdings Corp. announced a public offering of 36 million shares at $1.35 per share, aiming to raise approximately $55.4 million for working capital and debt restructuring [1][2]. Group 1: Offering Details - The public offering includes 36,000,000 shares of common stock priced at $1.35 each and pre-funded warrants for up to 5,000,000 shares at $1.3499 each, with gross proceeds expected to be around $55.4 million before expenses [1]. - Underwriters have a 30-day option to purchase an additional 6,150,000 shares at the public offering price [1]. - The offering is expected to close on or about October 17, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds will be used for working capital, prepayment of $45 million in outstanding debt, and investments in initiatives to drive near-term revenue and advancements in battery technologies [2]. Group 3: Company Overview - Dragonfly Energy is a leader in lithium battery technology, focusing on cell manufacturing and system integration, with a mission to develop nonflammable, all-solid-state battery cells [5]. - The company has established a strong presence in the lithium battery market through its Battle Born Batteries® brand, with a significant deployment of battery packs across various applications [5].

Core Insights - Dragonfly Energy Holdings Corp. reported preliminary third quarter 2025 Net Sales of $16.0 million, representing a 26% year-over-year growth, and Adjusted EBITDA loss of $(2.2) million, which is an improvement from the previous guidance [2][3] Financial Performance - The anticipated third quarter 2025 Net Sales of $16.0 million exceeded the guidance of $15.9 million, while the Adjusted EBITDA loss of $(2.2) million was better than the guidance of $(2.7) million [2][3] - The results indicate a $3.3 million reduction in Adjusted EBITDA loss compared to the previous year [2] Management Commentary - The CEO emphasized the focus on driving near-term revenue growth and executing strategic actions, including a recent equity raise, to enhance financial flexibility and position the company for sustained growth and profitability [3] Upcoming Events - A conference call to discuss the third quarter 2025 financial and operational results is scheduled for November 14 at 4:30 PM Eastern Time, accessible via webcast and telephone [5][6] Company Overview - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and is recognized for its Battle Born Batteries® brand [7][8] - The company aims to advance clean energy through its proprietary, nonflammable, all-solid-state battery cells [8]

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].

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].

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].

Core Insights - Dragonfly Energy Holdings Corp. is positioned as a leader in energy storage and battery technology, having delivered over 400,000 batteries to the market, establishing a strong commercial presence in deep-cycle lithium energy storage [2][3] - The company emphasizes its U.S.-based manufacturing capabilities and proprietary technologies as key components of its growth strategy, aiming for long-term sustainable growth in high-demand sectors [2][3] Company Overview - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing, battery pack assembly, and full system integration, under its Battle Born Batteries® brand [3] - The company utilizes a patented dry electrode manufacturing process, enabling it to provide versatile power solutions for various applications, such as energy storage systems, electric vehicles, and consumer electronics [3] Growth Strategy - The company is focused on expanding its footprint in high-growth sectors and is committed to delivering advanced energy storage solutions that meet the increasing global demand for reliable and sustainable power [2][3] - Dragonfly Energy aims to penetrate new markets, including heavy-duty trucking, while maintaining strong relationships with key suppliers and customers [6][7]

Core Insights - Dragonfly Energy Holdings Corp. reported a strong second quarter with net sales increasing by 23% year-over-year, driven by a 50.6% growth in OEM sales despite economic uncertainties [2][4][6] - The company is focused on optimizing its operations and strengthening its balance sheet, which includes the recent exchange of preferred shares and a public offering to enhance financial flexibility [2][5][9] - For the third quarter, the company anticipates net sales of approximately $15.9 million, representing a projected 25% year-over-year increase [9][10] Financial Highlights - Net sales for the second quarter of 2025 were $16.2 million, compared to $13.2 million in the prior year, marking a 23% increase [4][6] - OEM sales reached $10.1 million, up from $6.7 million, while DTC sales decreased by 9% to $5.9 million due to macroeconomic pressures [4][6] - Gross profit increased by 45.4% to $4.6 million, with a gross margin expansion of 430 basis points to 28.3% [5][6] - Operating expenses decreased to $7.9 million from $9.9 million, primarily due to lower R&D costs [5][6] Loss and Adjusted EBITDA - The company reported a net loss of $(7.0) million, an improvement from a net loss of $(13.6) million in the previous year [7][28] - Adjusted EBITDA was $(2.2) million, compared to $(6.2) million in the prior year, indicating improved operational performance [6][7] Strategic Outlook - The company emphasizes the effectiveness of its strategic initiatives and the sustained market demand for its energy storage solutions [9] - Dragonfly Energy is well-positioned for continued growth, supported by deepening customer relationships and operational efficiency [9]

Core Viewpoint - Dragonfly Energy Holdings Corp. announced a public offering of 21,980,000 shares at $0.25 per share, aiming for gross proceeds of approximately $5.5 million, with the offering expected to close around July 31, 2025 [1][2]. Group 1: Offering Details - The offering is underwritten by Canaccord Genuity, which is acting as the sole bookrunner [2]. - The net proceeds from the offering will be used for working capital, general corporate purposes, and repayment of indebtedness [2]. - The offering is made under a shelf registration statement declared effective by the SEC on November 24, 2023 [3]. Group 2: Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing, battery pack assembly, and full system integration [5]. - The company’s Battle Born Batteries® brand has established a strong presence in the lithium battery industry, with numerous battery packs deployed through top-tier OEMs and a diverse retail customer base [5]. - Dragonfly Energy is at the forefront of domestic lithium battery cell production, utilizing a patented dry electrode manufacturing process for various applications, including energy storage systems and electric vehicles [5].

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].