The Board of Directors approved a one-for-eight reverse stock split to increase the common stock's closing bid price above $1.00 and maintain compliance with Nasdaq listing rules. The split becomes effective at 12:01 a.m. Pacific Time on October 12, 2026, after which shares will trade on a reverse-split-adjusted basis under the existing symbol DFLI. No fractional shares will be issued; holders of fractional interests receive one whole share in lieu thereof. The company filed a Certificate of Change with the Nevada Secretary of State to effectuate the reduction in authorized common stock from 400 million to 50 million shares. Dragonfly Energy Holdings Corp. operates in the energy storage and battery technology sector.
