Dragonfly Energy Holdings Corp. Closes Major Stock Offering
RENO, Nev., Oct. 8, 2025 – Dragonfly Energy Holdings Corp. (NASDAQ: DFLI), a prominent player in energy storage and battery tech, announced today that it has completed the sale of 23 million shares of common stock at a price of $1.25 each. The transaction brought in around $28.75 million in gross proceeds, though this figure is before accounting for underwriting discounts, commissions, and various offering costs.
Canaccord Genuity took the lead as the primary bookrunner for this offering, with Roth Capital Partners assisting as co-manager.
The company plans to utilize the funds raised for working capital and general corporate needs. This includes repaying $4 million owed on a term loan, investing in initiatives aimed at driving profitability in the near term, and further developing the next generation of battery technology. Specifically, they are looking to expand on dry generation electrode processes and explore indigenous battery applications.
This offering was conducted under a shelf registration statement on Form S-3 (File No. 333-275559), which received approval from the Securities and Exchange Commission (SEC) on November 24, 2023. For those interested, final prospectus supplements and related documents can be obtained from Canaccord Genuity LLC’s Syndication Department.
This announcement does not represent an offer to sell or a solicitation to buy these securities, and the sale of these shares is contingent on compliance with relevant state securities laws.
About Dragonfly Energy
Dragonfly Energy Holdings Corp. is at the forefront of lithium battery technology, focusing on cell manufacturing, battery pack assembly, and full system integration. Known for its Battleborn Batteries® brand, the company has placed itself as a leader in the lithium battery sector, trusted by numerous OEMs and a varied retail customer base. With a pioneering dry electrode manufacturing process, Dragonfly Energy provides power solutions for a broad spectrum of applications, from energy storage systems to electric vehicles. The company aims to advance toward the future of proprietary, non-flammable, all-solid-state battery cells.
