Dragonfly Energy Commences Underwritten Public Offering of Common Stock and Pre-Funded Warrants.

Dragonfly Energy Holdings Corp. has commenced an underwritten public offering of common stock and pre-funded warrants. The offering is being made by Canaccord Genuity as the sole bookrunner. Dragonfly Energy intends to use the net proceeds for working capital, debt repayment, strategic investments, and continued revenue growth. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), a leading energy storage and battery technology company, has initiated an underwritten public offering of common stock and pre-funded warrants. The offering is being conducted by Canaccord Genuity as the sole bookrunner and is subject to market and other conditions. The company intends to use the net proceeds for working capital, debt repayment, strategic investments, and continued revenue growth.

The offering includes an option for the underwriter to buy up to an additional 15% of the securities at the public offering price, less discounts and commissions. The proceeds from the offering are expected to be used to prepay $45 million of outstanding term loan indebtedness as part of a proposed restructuring, to fund initiatives driving near-term revenue, and to scale the dry electrode process and solid-state battery efforts. The offering is being made under an S-3 shelf registration declared effective on November 24, 2023, according to StockTITAN.

Dragonfly Energy's strategic investments in next-generation battery technology, including the scaling of the dry electrode process and solid-state battery applications, aim to position the company at the forefront of American-made battery innovation. The company's commitment to advancing U.S. battery technology was further reinforced by the recent issuance of a Notice of Allowance for a patent related to its Dragonfly IntelLigence battery communication technology, as reported by MarketScreener. This patent strengthens the company's intellectual property portfolio and expands its capabilities in networked communication across connected energy systems.

Investors should closely monitor the preliminary prospectus supplement filing and the 30-day option exercise window for concrete pricing, net proceeds, and the timing of the $45 million prepayment. These factors will clarify near-term capital structure changes and provide insights into the company's financial strategy and debt reduction timeline.

Dragonfly Energy's ongoing efforts to strengthen its balance sheet and drive revenue growth through technological advancements underscore its commitment to sustainable and innovative energy solutions. The successful completion of the offering will be a significant milestone in the company's journey to become a leading player in the energy storage and battery industry.