DRAGONFLY ENERGY HOLDINGS CORP Stock Price, News & Analysis

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced its new Dragonfly IntelLigence™ technology, enhancing safety and monitoring for lithium power systems in the marine industry. This product line complies with the ABYC E-13 Standards, which focus on low voltage alerts and shutdown notifications. Dragonfly IntelLigence™ features include smart communication, hybrid system balancing, and remote monitoring through the Dragonfly Energy Mobile App. This innovation aims to address safety concerns associated with lithium-ion batteries while providing reliable power solutions. The products will be available in spring 2023, aligning with the upcoming industry requirements.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced the upcoming launch of Dragonfly IntelLigence™, a new technology designed for their Battle Born Batteries, set to enhance energy storage solutions in Spring 2023. This innovative technology features mesh network connectivity for remote monitoring of battery performance via a mobile app, ensuring reliable off-grid power. Key products include the Dragonfly Wing™, a versatile and expandable storage solution using safe LiFePO4 chemistry. The launch is aimed at meeting customer demands for efficient energy management and safety in various applications.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced it received patent US11,491,508 for a new dry powder coating process crucial for lithium-ion battery production. This innovative method enhances efficiency and cost-effectiveness in the manufacturing of all solid-state batteries, which are lighter and non-flammable. The CEO emphasized the importance of domestic battery production for grid stability. Dragonfly aims to disrupt the battery market by focusing on deep cycle storage solutions for various applications, distinguishing itself from competitors targeting the EV sector.

Dragonfly Energy Holdings Corp (Nasdaq: DFLI) successfully completed its business combination with Chardan NexTech Acquisition 2 Corp on October 7, 2022, and commenced trading on Nasdaq on October 10, 2022. The company announced its financial and operational results for the first nine months of 2022, showcasing strategic partnerships, including $15 million from Thor Industries, and ongoing advancements in lithium-ion battery technology. Dragonfly aims to revolutionize energy storage with innovative solutions, while navigating challenges like market competition and supply chain risks.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announces several executive promotions to enhance its leadership team, effective immediately. Ms. Nicole Harvey becomes Chief Legal Officer, overseeing corporate law and governance. Mr. Wade Seaburg is appointed Chief Revenue Officer, focusing on sales and business development, while Mr. Tyler Bourns is promoted to Chief Marketing Officer, bringing extensive media experience. The leadership changes come after Dragonfly's recent Nasdaq listing, following the departure of COO Sean Nichols to pursue other interests. These decisions are aimed at supporting the company's growth in energy storage solutions.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced its participation in the Nasdaq Opening Bell Ceremony on October 21, 2022, to celebrate its business combination closure and trading commencement on October 7, 2022. CEO Dr. Denis Phares expressed enthusiasm about going public and the company's commitment to providing lithium-ion batteries to replace lead-acid batteries across various markets. Dragonfly focuses on innovative energy storage solutions, including solid-state technology, targeting a more sustainable smart grid.

Dragonfly Energy Holdings Corp. has completed its merger with Chardan NexTech Acquisition 2 Corp, now trading under the ticker DFLI on Nasdaq. The transaction generated approximately $250 million in gross proceeds, including a $75 million loan and a $150 million equity facility. Dragonfly aims to enhance market penetration, primarily focusing on its All-Solid-State-Battery technology. The company reported revenues of $78 million in 2021 with a CAGR of 119% over three years and has achieved 17 consecutive profitable quarters.

Chardan NexTech Acquisition 2 Corp. (CNTQ) announced shareholder approval for its business combination with Dragonfly Energy Corp. during a special meeting held on October 6, 2022. Over 99.9% of votes supported the merger. CNTQ will submit the meeting results to the SEC via Form 8-K. Dragonfly Energy specializes in deep cycle lithium-ion batteries and aims to innovate energy storage solutions. This combination is expected to enhance Dragonfly's market position and technological advancements in sustainable energy solutions.

Dragonfly Energy Corp. expands its partnership with Keystone RV, ensuring all Keystone RV units shipped through 2022 will be equipped with Dragonfly's lithium-ion batteries. This announcement reinforces the existing agreement for Dragonfly batteries to be standard or optional equipment on Keystone RV travel trailers and fifth-wheels. Dragonfly’s batteries promise superior performance compared to traditional lead-acid options, boasting a 10x longer lifespan and faster charging. The strategic collaboration aims to enhance customer experience and leverages Dragonfly's innovative technology as part of Keystone's commitment to industry standards.