DRAGONFLY ENERGY HOLDINGS CORP Stock Price, News & Analysis

Dragonfly Energy (Nasdaq: DFLI) expanded its Battle Born product lineup to offer end-to-end power systems for off-grid, RV, marine, and commercial customers. Key launches include a new Battle Born Inverter/Charger Series with pure sine wave models and Dragonfly IntelLigence® integration, a lower-capacity Battle Born Base Series LiFePO4 battery for value-conscious buyers, and a redesigned Battle Born Mobile App V2.0 with RV-C integration via the Battle Born HUB.

The inverter/chargers and Base Series are available now during the company’s Black Friday sale; the app will launch on November 28, 2025, with additional products planned in 2026.

Dragonfly Energy (Nasdaq: DFLI) announced that Werner Enterprises (Nasdaq: WERN) placed its first order for Battle Born® DualFlow Power Pack systems on Nov 24, 2025, following a long-term real-world pilot.

The lithium iron phosphate (LiFePO4), American-assembled auxiliary systems supply hotel-load power to reduce idling, fuel use, and emissions, and are positioned to improve driver comfort, uptime, and fleet operating efficiency while supporting idling regulations.

This order is described as a commercial milestone for Dragonfly Energy’s expansion into the heavy-duty trucking market and validates system performance in demanding fleet operations.

Dragonfly Energy (Nasdaq: DFLI) reported third quarter 2025 results on November 14, 2025, with net sales of $15.97M (up 25.5% YoY) and OEM sales of $10.68M (up 44.3% YoY).

Gross margin expanded 710 basis points to 29.7%. Adjusted EBITDA improved to $(2.1)M from $(5.5)M, while GAAP net loss widened to $(11.1)M.

Since July the company completed three public offerings raising approximately $90M in gross proceeds and executed a debt restructuring that materially reduced outstanding debt. Guidance for Q4 2025: net sales ≈ $13.0M and Adjusted EBITDA ≈ $(3.3)M.

Dragonfly Energy (Nasdaq: DFLI) executed definitive term loan restructuring agreements on Nov 5, 2025 that materially reshape its capital structure.

Key actions: $45.0 million of senior secured term loan principal was prepaid using net proceeds from a recent stock offering; $25.0 million of principal was converted into newly created preferred stock convertible at $3.15 per share; $5.0 million of principal was forgiven; $19.0 million remains at a fixed 12% annual interest rate, payable monthly starting Dec 31, 2025 and maturing Oct 2027. Certain financial covenants are waived through Dec 31, 2026.

Stryten Energy (NASDAQ: DFLI) will showcase Enhanced Flooded Battery (EFB) technology and Battle Born lithium solutions at AAPEX 2025 in Las Vegas on November 4–6, 2025. The company highlights EFBs for stop-start and hybrid vehicles, citing improved cycling, start-stop capability, faster dynamic charge acceptance, durability in extreme temperatures, and a composition of 95% recycled components. Stryten will display a Jeep Gladiator fitted with an EFB and three Battle Born batteries plus a 48V, 105Ah Battle Born lithium golf cart battery. Stryten markets and distributes Battle Born under an exclusive licensing relationship with Dragonfly Energy (DFLI), aiming to offer a broad portfolio of automotive and off-grid battery solutions.

Dragonfly Energy (Nasdaq: DFLI) announced on Oct 21, 2025 that Nasdaq's Hearings Panel notified the company on Oct 20, 2025 that it has regained compliance with the minimum bid price requirement (Listing Rule 5550(a)(2)) and the minimum market value of listed securities requirement (Listing Rule 5550(b)(2)) for continued listing on the Nasdaq Capital Market.

The notice confirms the company is in full compliance with Nasdaq continued listing rules but also places the company on a Mandatory Panel Monitor under Listing Rule 5815(d)(4)(B) for one year from the Letter date, during which failure to maintain the minimum bid price could trigger a Delist Determination Letter.

Dragonfly Energy (Nasdaq: DFLI) priced a public offering totaling approximately $55.4 million in gross proceeds on Oct 16, 2025. The offering includes 36,000,000 common shares at $1.35 per share and up to 5,000,000 pre-funded warrants at $1.3499 each; underwriters have a 30-day option for an additional 6,150,000 shares. The offering is expected to close on or about Oct 17, 2025, subject to closing conditions.

The company said net proceeds will fund working capital, prepayment of $45 million of term loan indebtedness, near-term revenue initiatives, and scaling of dry electrode and solid-state battery investments.

Dragonfly Energy (Nasdaq: DFLI) commenced an underwritten public offering of common stock and, optionally, pre-funded warrants on Oct 15, 2025. The offering includes a 30-day underwriter option to buy up to an additional 15% of the securities at the public offering price, less discounts and commissions. Canaccord Genuity is sole bookrunner.

The company intends to use net proceeds for working capital, to prepay $45 million of outstanding term loan indebtedness as part of a proposed restructuring, to invest in initiatives to drive near-term revenue, and to scale its dry electrode process and solid-state battery efforts. The offering is made under an S-3 shelf declared effective Nov 24, 2023 and is subject to market and other conditions.

Dragonfly Energy (Nasdaq: DFLI) announced a USPTO Notice of Allowance dated October 15, 2025 for a patent strengthening its Dragonfly IntelLigence® battery communication technology.

The allowed patent covers multiple battery systems and wireless devices that share operating data and propagate error or warning codes across a connected mesh network, including propagation when a battery system is powered down. The networked layer is described as improving system awareness, reliability, and coordination, and is linked to the company’s Battle Born HUB product and its broader U.S. IP portfolio and manufacturing commitment.