Dragonfly Energy Commences Underwritten Public Offering

Strategic Insights -

Dragonfly Energy Holdings Corp., a leading manufacturer of energy storage and battery technology, announced the commencement of an underwritten public offering of shares of its common stock and pre-funded warrants to purchase shares of its common stock. The company intends to use the net proceeds from the offering for working capital and other general corporate purposes, including the repayment of its indebtedness. 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.

Key Takeaways:

  • Dragonfly Energy is offering shares of common stock and pre-funded warrants to purchase shares of its common stock in an underwritten public offering.
  • The net proceeds from the offering will be used for working capital and other general corporate purposes, including the repayment of indebtedness.
  • 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.
  • Canaccord Genuity is acting as the sole bookrunner for the proposed offering.
  • Dragonfly Energy's patent dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications.
  • The company's overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

Statistics:

  • The company has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base.
  • The proposed offering is being made pursuant to a shelf registration statement on Form S-3 that was declared effective by the SEC on November 24, 2023.
  • The preliminary prospectus supplement and accompanying prospectus relating to the proposed offering will be filed with the SEC and will be available for free on the SEC's website, located at www.sec.gov.

Sources:

  • Dragonfly Energy Holdings Corp. press release, "Dragonfly Energy Holdings Corp. to Offer Shares of Common Stock and Pre-Funded Warrants in Underwritten Public Offering," July 29, 2025.
  • SEC Filing, "Dragonfly Energy Holdings Corp. Form S-3," November 24, 2023.
  • Canaccord Genuity LLC, "Prospectus Supplement and Accompanying Prospectus," to be filed with the SEC.