Dragonfly Energy Holdings (DFLI) Company Report

On January 30, 2026, Dragonfly Energy Holdings Corp. (DFLI) entered into an Equity Distribution Agreement with Canaccord Genuity LLC.
This agreement allows DFLI to offer and sell, from time to time, up to $50.0 million of its common stock.
Sales will be conducted as an "at the market offering" through Canaccord Genuity LLC, with DFLI paying a commission of 3.0% of the aggregate gross proceeds from each sale.
The company is not obligated to sell any shares under the agreement.

7 days ago

8-K

Dragonfly Energy Launches Battle Born® Solar Panels

DFLI

Product Launch

Dragonfly Energy Holdings Corp. (DFLI) has launched its first solar panel product line under the Battle Born® brand, with products available for immediate sale and shipping.
The new lineup includes four initial models, featuring Elite Series rigid solar panels with up to 23 percent module efficiencies and Battle Born ShadeGuard™ anti-shading technology, alongside a portable solar panel.
This expansion extends Battle Born's power systems' portfolio to support complete, integrated energy solutions, designed to extract more power from limited space and maintain consistent output in varied light conditions.

Jan 27, 2026, 12:30 PM

Press Release

Dragonfly Energy Holdings Highlights 2025 Restructuring and Growth in Year-End Letter

DFLI

Debt Issuance

Delisting/Listing Issues

Revenue Acceleration/Inflection

Dragonfly Energy Holdings Corp. (DFLI) completed a comprehensive restructuring in 2025, raising approximately $90 million through common stock offerings and reducing its total debt principal to $19 million through a $45 million cash prepayment, $25 million debt-to-equity conversion, and $5 million principal forgiveness.
The company regained compliance with Nasdaq listing standards (market cap, stockholder's equity, and minimum bid price) in advance of November 10, 2025, following a period of non-compliance.
DFLI returned to year-over-year revenue growth in 2025, driven by a 45% year-over-year increase in its RV OEM business in Q3 2025 and new commercial deployments, including with Werner Enterprises in heavy-duty trucking.

Jan 8, 2026, 12:30 PM

Press Release

Dragonfly Energy Announces 1-for-10 Reverse Stock Split

DFLI

Delisting/Listing Issues

Proxy Vote Outcomes

Dragonfly Energy Holdings Corp. (DFLI) will effect a 1-for-10 reverse stock split of its common stock, which will be effective for trading purposes as of Thursday, December 18, 2025.
This reverse stock split will reduce the number of issued and outstanding common shares from approximately 120.8 million to approximately 12.1 million.
The company's CEO, Dr. Denis Phares, stated that this is a technical step to maintain Nasdaq compliance and position the company for its next phase of growth.
Stockholders approved the reverse stock split at the Annual Meeting on October 15, 2025, and the Board approved the 1-for-10 ratio on December 2, 2025.

Dec 16, 2025, 12:30 PM

Press Release

Dragonfly Energy Announces Q3 2025 Results and Balance Sheet Transformation

DFLI

Earnings

Guidance Update

Debt Issuance

Dragonfly Energy reported Q3 2025 net sales of $16,000,000, a 26% year-over-year increase, with gross margin expanding to 29.7% and adjusted EBITDA improving to negative $2,100,000.
The company completed a significant capital raising and debt restructuring, raising approximately $90,000,000 in gross proceeds, reducing total debt principal to $19,000,000, and achieving a pro forma cash balance of $30,000,000.
DFLI expanded its OEM footprint in the RV market with new partnerships and gained traction in heavy-duty trucking, including production orders and a collaboration with PACCAR.
For Q4 2025, the company anticipates net sales of approximately $13,000,000 and adjusted EBITDA of approximately negative $3,300,000.

Nov 14, 2025, 9:30 PM

Transcript

Dragonfly Energy Holdings Corp. Reports Strong Q3 2025 Sales Growth and Improved Financial Position

DFLI

Earnings

Guidance Update

Debt Issuance

Dragonfly Energy Holdings Corp. reported net sales of $16.0 million for Q3 2025, marking a 25.5% increase year-over-year, primarily driven by 44.3% growth in OEM net sales to $10.7 million.
The company's gross margin expanded 710 basis points to 29.7% in Q3 2025, and Adjusted EBITDA improved to $(2.1) million compared to $(5.5) million in the prior-year period, despite a net loss of $(11.1) million.
Dragonfly Energy significantly strengthened its financial foundation by completing three public offerings, raising approximately $90 million in cumulative gross proceeds, and securing a comprehensive debt restructuring agreement.
For Q4 2025, the company guides net sales to approximately $13.0 million, representing year-over-year growth of approximately 7%.

Nov 14, 2025, 9:11 PM

8-K

Dragonfly Energy Restructures Debt with Series B Preferred Stock Issuance

DFLI

Debt Issuance

Convertible Preferred Issuance

Dragonfly Energy Holdings Corp. (DFLI) entered into an Exchange Agreement on November 4, 2025, issuing $25 million of Series B Convertible Preferred Stock in exchange for $25 million outstanding principal amount of its Term Loan to restructure indebtedness.
The Series B Preferred Stock is convertible into 7,936,508 shares of Common Stock at a conversion price of $3.15 per share at the option of the lenders, subject to a 4.99% beneficial ownership limitation.
Dividends on the Series B Preferred Stock accrue at 10% per annum, with 80% payable in cash and 20% as PIK Dividends.
The company is obligated to use 50% of net proceeds from future equity offerings to redeem the Series B Preferred Stock, and holders gain redemption rights if the shares are not redeemed by October 7, 2027.

Nov 5, 2025, 10:15 PM

8-K

Dragonfly Energy Holdings Corp. Restructures Debt and Issues Preferred Stock

DFLI

Convertible Preferred Issuance

Dragonfly Energy Holdings Corp. entered into a Sixth Amendment to its Term Loan, Guarantee and Security Agreement on October 20, 2025, to restructure its outstanding indebtedness.
The restructuring includes a $45 million voluntary prepayment of Term Loans using proceeds from an equity offering, an exchange of $25 million of Term Loans for newly created Series B Preferred Stock, and a $5 million debt cancellation.
Following these transactions, the remaining outstanding principal amount under the Term Loan Agreement is $17 million, which will bear a fixed interest rate of 12% per annum and mature in October 2027.
The Series B Preferred Stock will have an 8% annual cash dividend and a 2% annual in-kind dividend, be convertible into common stock at $3.15 per share, and include specific redemption terms.
The company also agreed to a minimum liquidity covenant of $5.0 million and paid fees to the Lenders totaling approximately $900,000, split between cash and an addition to the loan's principal.

Oct 20, 2025, 9:29 PM

8-K

Dragonfly Energy Holdings Corp. Announces Public Offering and Proposed Debt Restructuring

DFLI

Debt Issuance

Convertible Preferred Issuance

Dragonfly Energy Holdings Corp. (DFLI) announced an underwritten public offering of 36,000,000 shares of common stock at $1.35 per share and pre-funded warrants for up to 5,000,000 shares at $1.3499 per warrant, expecting net proceeds of approximately $51.7 million.
The company intends to use $45.0 million of the net proceeds from the offering to repay outstanding indebtedness under its Term Loan Agreement.
DFLI has reached a non-binding agreement in principle for a debt restructuring with its lenders, which includes converting $25 million of outstanding principal into newly created preferred stock, forgiving $5 million of principal, and setting the remaining $17 million at a 12% fixed interest rate maturing in October 2027.

Oct 16, 2025, 11:51 AM

8-K

Dragonfly Energy Holdings Corp. Stockholders Approve Equity Plan Amendment and Reverse Stock Split Authorization

DFLI

Proxy Vote Outcomes

Executive Compensation

Stockholders of Dragonfly Energy Holdings Corp. approved an amendment to the 2022 Equity Incentive Plan, increasing the number of shares available for issuance by 9,000,000 to a new total of 10,217,504 shares.
The company's stockholders also approved a proposal authorizing the Board of Directors to effect a reverse stock split at a ratio between one-for-two (1:2) and one-for-fifty (1:50) within one year.
However, stockholders did not approve the proposal to increase the authorized common stock to 400,000,000 shares, which was contingent on a reverse stock split being effectuated.