Will Prowse Sued by Dragonfly Energy Over Alleged False and Misleading Claims About Battle Born Batteries®

Rhea-AI Summary

News Market Reaction – DFLI

+2.33%

21 alerts

+2.33% Session close to close

+14.3% Peak Tracked

-3.9% Trough Tracked

$27.55M Market Cap

0.8x Rel. Volume

In the Jun 2 session, DFLI gained 2.33%, reflecting a moderate positive market reaction. Argus tracked a peak move of +14.3% during that session. Argus tracked a trough of -3.9% from its starting point during tracking. Our momentum scanner triggered 21 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details Dragonfly Energy’s trade libel lawsuit against a prominent influencer over...

Analysis

This announcement details Dragonfly Energy’s trade libel lawsuit against a prominent influencer over alleged false and misleading statements about Battle Born Batteries. The company emphasizes certified testing, deployments of more than 400,000 batteries, and a long safety record while seeking damages and injunctive relief. In context of recent earnings pressure and prior capital structure changes, investors may watch for updates on litigation progress and any quantified impacts on sales, costs, or brand perception.

Key Figures

Affiliate-related payments: more than $200,000 Deployed batteries: more than 400,000 batteries

2 metrics

Affiliate-related payments more than $200,000 Alleged affiliate commissions, advertising fees, and related benefits to Prowse

Deployed batteries more than 400,000 batteries Battle Born Batteries deployments across real-world applications

Historical Context

5 past events · Latest: May 14 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 14	Q1 2026 earnings	Negative	-4.2%	Sales decline and continued losses highlighted in quarterly results.
May 13	Website launch	Positive	+2.1%	Launch of enhanced Battle Born e-commerce and customer tools.
May 06	R&D funding award	Positive	+5.7%	Nevada Tech Hub funding to expand cell prototyping and testing.
Apr 30	Earnings call notice	Neutral	+4.2%	Announcement of timing for Q1 2026 results and webcast.
Apr 23	Patent allowance	Positive	-3.7%	Japanese patent allowance for solid-state battery technology.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company-specific news has more often seen price moves align with the news tone, with only one clear divergence on a positive patent update.

Recent Company History

Over the past few months, Dragonfly Energy has mixed fundamental pressure with strategic progress. Q1 2026 results on May 14 showed lower net sales and losses, while earlier news highlighted a revamped Battle Born website on May 13 and additional Nevada Tech Hub funding on May 6 to support R&D. An earnings date announcement on April 30 and a Japanese patent allowance on April 23 rounded out a period of operational and innovation milestones. Today’s litigation-focused announcement fits into this broader effort to defend the Battle Born brand.

Key Terms

trade libel, monetized content, UL 2054, IEC 62133, +3 more

7 terms

trade libel regulatory

"today announced that it has filed a trade libel lawsuit against William Errol Prowse"

A trade libel claim is a legal action brought when false or misleading public statements harm a company’s products, services, or business reputation and cause measurable financial loss. Think of it like someone spreading a false rumor that ruins a shop’s sales; for investors it matters because such allegations can trigger lawsuits, damage customer confidence, reduce revenue and lead to sudden drops or increased volatility in a company’s stock.

monetized content financial

"allegedly false and misleading statements distributed through monetized online content"

Content that a company turns into a source of revenue by charging readers or viewers directly, showing ads, selling sponsorships, using affiliate links, or gating material behind subscriptions or paywalls. For investors, monetized content is important because it converts audience attention into measurable cash flow and can indicate how well a business can grow revenue, control costs and scale — similar to how a store puts goods on a shelf with price tags to generate sales.

UL 2054 technical

"ETL Listed by Intertek, a Nationally Recognized Testing Laboratory, to UL 2054 and IEC 62133 standards"

UL 2054 is a safety standard that sets tests and design requirements for household and commercial batteries to make sure they won’t catch fire, leak, or fail under normal use and foreseeable abuse. For investors, a product carrying UL 2054 compliance is like seeing a crash-test sticker on a car: it lowers the chance of costly recalls, liability, or reputational damage and can help the product win regulatory approval and customer trust.

IEC 62133 technical

"ETL Listed by Intertek, a Nationally Recognized Testing Laboratory, to UL 2054 and IEC 62133 standards"

IEC 62133 is an international safety standard for rechargeable batteries used in portable devices, prescribing tests and design requirements to prevent overheating, short circuits, leaks and fires. For investors, certification under this standard is like a safety inspection sticker: it helps products gain access to markets, lowers the risk of costly recalls or liability, and signals that a company’s batteries meet recognized safety expectations, which can affect sales, costs and reputation.

Nationally Recognized Testing Laboratory regulatory

"ETL Listed by Intertek, a Nationally Recognized Testing Laboratory, to UL 2054"

A nationally recognized testing laboratory is a lab that an official authority has reviewed and approved to run specific tests whose results are accepted across the country. Think of it as a certified inspector whose reports are trusted by regulators, customers and business partners. For investors, such recognition means test results carry legal and commercial weight, lowering regulatory and market risk and helping products or services reach wider markets more quickly.

injunctive relief regulatory

"The complaint seeks damages and injunctive relief to address the financial and reputational harm"

A court-ordered instruction requiring a person or company to do or stop doing a specific action to prevent harm or preserve a situation. For investors, injunctive relief can immediately alter a business’s operations, block sales or product use, or preserve assets—like a referee pausing play to prevent unfair advantage—so it can swiftly affect revenue, legal exposure and share value while longer legal battles continue.

affiliate commissions financial

"he received more than $200,000 from Dragonfly Energy in affiliate commissions, advertising fees"

Payments made to a partner, website, or individual for sending customers, clicks, or sales to a business in exchange for a cut of the revenue or a fixed fee; think of it like a finder’s fee or sales commission paid when a referral leads to a sale. Investors care because these payments affect a company’s reported revenue, profit margins and the reliability of its sales sources, and they can signal dependence on third-party channels or potential conflicts of interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Trade libel complaint alleges DIY influencer used monetized content and non-standard testing to misrepresent Battle Born battery design, safety, and performance

RENO, Nev., June 02, 2026 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in lithium battery technology and maker of Battle Born Batteries®, today announced that it has filed a trade libel lawsuit against William Errol Prowse IV, known online as Will Prowse, and Prowse Publications LLC, in the Second Judicial District Court of the State of Nevada.

Founded and headquartered in Reno, Nevada, Dragonfly Energy has spent more than a decade designing and assembling lithium battery products relied on by customers, businesses, and families across the country.

The action seeks to protect the Company and its customers and partners, and the factual record surrounding Battle Born Batteries after Prowse’s sustained online campaign of allegedly false and misleading statements distributed through monetized online content. According to the complaint, Prowse presented his content as technical analysis while omitting critical context, misrepresenting product design and altering the batteries before testing them by removing structural components and running already-damaged units out of spec, producing a materially inaccurate portrayal of Battle Born Batteries' real-world safety and performance.

"Dragonfly Energy respects and encourages good-faith product reviews, independent testing, and open technical discussion. This lawsuit is not about silencing criticism," said Wade Seaburg, chief commercial officer at Dragonfly Energy. "It is about accountability when what we believe are false and misleading safety claims are presented as technical fact and amplified through monetized content. Those claims are being used to damage confidence in products backed by certified third-party testing, more than a decade of real-world field performance, and a trusted Nevada-based brand built by our employees, customers, dealers, and OEM partners. The people who rely on Battle Born Batteries deserve an accurate record."

The complaint also alleges that Prowse previously reviewed and praised the same Battle Born battery product he later publicly disparaged, and that he received more than $200,000 from Dragonfly Energy in affiliate commissions, advertising fees, and related benefits tied to Battle Born branded products over multiple years. According to the complaint, Prowse later publicly denied that financial relationship while presenting his content as independent technical analysis, distributed the videos at issue through monetized platforms with affiliate links to competing products, and published them only after his affiliate and advertising arrangements with Dragonfly Energy had ended.

Product Safety, Testing, and Field Performance

Battle Born Batteries are designed with multiple layers of safety, assembled in the United States, and are supported by more than a decade of field performance. Relevant Battle Born product architecture has been ETL Listed by Intertek, a Nationally Recognized Testing Laboratory, to UL 2054 and IEC 62133 standards. Dragonfly Energy has deployed more than 400,000 batteries across real-world applications with an exceptionally strong safety record.

These deployments span demanding RV, marine, off-grid, industrial, and heavy-duty trucking applications, yielding extensive real-world performance data. Dragonfly Energy maintains that online videos are not a substitute for certified third-party testing, controlled product validation, or a complete understanding of lithium battery design, safety mechanisms, system integration, and actual operating environments.

Aim of Dragonfly Energy’s Case

The complaint seeks damages and injunctive relief to address the financial and reputational harm the Company alleges Prowse inflicted, and to prevent further statements about Battle Born Batteries the Company contends are false and disparaging.

For more information about Dragonfly Energy, visit Dragonflyenergy.com.

About Dragonfly Energy
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries^® brand, Dragonfly Energy 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. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit investors.dragonflyenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the Company's intent, belief, or expectations, including, but not limited to, statements regarding the trade libel lawsuit, the Company's future results of operations and financial position, planned products and services, business strategy and plans, market size and growth opportunities, competitive position and technological and market trends. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions.

These forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the Company's control) which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such factors include those set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's subsequent filings with the SEC available at www.sec.gov. If any of these risks materialize or any of the Company's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently does not know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements contained in this press release speak only as of the date they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Investor Relations
Eric Prouty
Szymon Serowiecki
AdvisIRy Partners
DragonflyIR@advisiry.com 

Dragonfly Energy Media Relations
media@dragonflyenergy.com 

Source: Dragonfly Energy Holdings Corp.