GlobeNewswire·Oct 16, 2025, 7:40 AM ET

Dragonfly Energy Announces Pricing of $55.4 Million Public Offering of Common Stock and Pre-Funded Warrants

Dragonfly Energy Holdings Corp. priced an underwritten public offering of 36,000,000 common shares at $1.35 per share.
Investors could purchase pre-funded warrants to buy up to 5,000,000 shares at $1.3499 per warrant.
The offering generated approximately $55.4 million in gross proceeds before deducting underwriting discounts, commissions, & other expenses.
Underwriters received a 30-day option to purchase an additional 6,150,000 shares at the public offering price.
Canaccord Genuity served as the sole bookrunner, while Roth Capital Partners acted as co-manager.
The offering is expected to close on or about October 17, 2025, subject to customary closing conditions.
Net proceeds will fund working capital, general corporate purposes, & the prepayment of $45 million of outstanding indebtedness.
Funds will also support near-term revenue initiatives & strategic investments in next-generation battery technologies, including scaling the dry electrode process for solid-state batteries.
The offering was made pursuant to a shelf registration statement on Form S-3 declared effective by the SEC on November 24, 2023.