Recent Updates — DFLI
The Nasdaq Stock Market granted Dragonfly Energy Holdings Corp. an extension until December 31, 2026, to regain compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The company previously received a notice of non-compliance in August 2026 due to a reported stockholders' deficit of $184,000 as of June 30, 2026, which fell below the required $2.5 million threshold. To regain compliance by the deadline, Dragonfly must file a public report evidencing that its equity meets the minimum standard. Failure to demonstrate compliance upon filing its subsequent periodic report for the period ending December 31, 2026, may result in delisting proceedings. Dragonfly Energy Holdings Corp. operates in the energy storage industry.
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.
Dragonfly Energy Holdings Corp. acquired substantially all operating assets of the Dakota Lithium brand from Clean Liquidation, LLC for $4 million, consisting of $1 million in cash and 1,500,000 shares valued at $2 per share. The transaction expands the company's presence in marine, powersports, and golf cart battery markets, with Dakota Lithium generating approximately $12 million in net revenue in 2025. Concurrently, lenders amended the senior secured term loan to increase the interest rate to 14% payable-in-kind through December 31, 2026, extend covenant testing dates to September 30, 2027, and adjust liquidity requirements. The company expects the acquisition to be accretive to Adjusted EBITDA starting in Q4 2026. Dragonfly Energy Holdings Corp. operates in the lithium battery technology industry, developing energy storage solutions for mobile, off-grid, industrial, and specialty applications.
On June 18, 2026, Dragonfly Energy Holdings Corp. appointed Lukas Lutz as an independent Class B director and member of the Nominating and Corporate Governance Committee, replacing Brian Nelson. Mr. Lutz's term expires at the 2027 annual meeting. As part of his appointment, he was granted 10,000 restricted stock units, with 50% vesting immediately and 50% vesting on the one-year anniversary of the grant. He will receive standard non-employee director fees. The company operates in the energy storage industry, specializing in lithium-ion battery solutions.
Dragonfly Energy Holdings Corp. announced on June 18, 2026, that it has received a notice of allowance from the United States Patent and Trademark Office for its patent application titled "Powderized Solid-State Electrolyte and Electroactive Materials." The allowed patent application covers manufacturing processes supporting the company's solid-state battery development. Dragonfly Energy Holdings Corp. operates in the energy storage industry and develops battery technology.