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Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) generates a steady flow of news centered on lithium battery technology, energy storage systems, and corporate developments. As a comprehensive lithium battery technology company focused on cell manufacturing, battery pack assembly, and full system integration, its announcements often combine technical progress with commercial milestones.
Recent news releases highlight Dragonfly Energy’s expansion across multiple end markets. In the RV sector, the company reports growing adoption of its Battle Born Batteries systems as standard equipment at major OEMs. In marine applications, it has announced expanded integration with World Cat, described as the world’s largest producer of power catamarans. In heavy-duty trucking, Dragonfly Energy has publicized a commercial order from Werner Enterprises for its Battle Born DualFlow Power Pack idle-reduction systems following long-term pilot testing.
News coverage also includes developments in the rail industry, such as a distribution partnership with National Railway Supply and participation in the American Railway Engineering and Maintenance-of-Way Association’s first lithium battery standard. Product-focused announcements describe the launch of the Battle Born Power Station Series of industrial-grade portable power stations, as well as new inverter/chargers, Base Series batteries, and an updated Battle Born mobile app that support complete power system solutions.
On the corporate side, Dragonfly Energy issues updates on quarterly financial results, capital raises, debt restructuring agreements, and listing compliance actions, including its 1-for-10 reverse stock split and confirmation of regained compliance with Nasdaq requirements. Investors and observers can use the DFLI news stream to follow operational performance, new partnerships, product introductions, and capital structure changes that shape the company’s trajectory in the energy storage space.
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.