Dragonfly Energy Announces 1-For-10 Reverse Stock Split
Rhea-AI Summary
Dragonfly Energy (Nasdaq: DFLI) will effect a 1-for-10 reverse stock split effective at the commencement of trading on December 18, 2025. Every ten pre-split shares will become one post-split share; authorized shares and par value ($0.0001) remain unchanged. The split reduces shares outstanding from approximately 120.8 million to 12.1 million and will apply to outstanding warrants and options with a proportionate adjustment to exercise prices. Fractional shares will be paid in cash. The company said the reverse split is a technical step to maintain Nasdaq compliance; the Board approved the 1-for-10 ratio on December 2, 2025. Trading will continue under the ticker DFLI and a new CUSIP 26145B 403.
Positive
- Shares reduced ~90% from 120.8M to 12.1M
- Effective trading date Dec 18, 2025
- Warrants and options adjusted proportionately
- New CUSIP 26145B 403; ticker remains DFLI
Negative
- Reverse split intended to maintain Nasdaq compliance
News Market Reaction – DFLIW
In the Dec 16 session, DFLIW declined 37.13%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RENO, Nev., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage and battery technology, today, announced today that it will effect a 1-for-10 reverse stock split of its outstanding common stock. This will be effective for trading purposes as of the commencement of trading on Thursday, December 18, 2025. Dragonfly Energy’s common stock will continue to trade on The Nasdaq Capital Market under the symbol “DFLI” and under a new CUSIP number, 26145B 403.
As a result of the reverse stock split, every ten pre-split shares of common stock outstanding will become one share of common stock. The par value of Dragonfly Energy’s common stock will remain unchanged at
The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 120.8 million to approximately 12.1 million.
“This reverse stock split is a technical step to maintain Nasdaq compliance and position the Company for its next phase of growth,” said Dr. Denis Phares, Chief Executive Officer of Dragonfly Energy. “Recent capital raises and debt restructuring have materially strengthened our balance sheet and improved liquidity. With a more durable financial foundation, Dragonfly is focused on scaling revenue, deepening strategic partnerships, and investing in differentiated battery technologies that support long-term value creation.”
The Company’s stockholders approved the reverse stock split by a majority of the votes cast at the Company’s Annual Meeting of Stockholders held on October 15, 2025, to be effected in the discretion of the Company’s board of directors (the “Board”) at a ratio of not less than 1-for-2 and not more than 1-for-50 (the “Reverse Stock Split Proposal”). The Board approved the reverse stock split at a ratio of 1-for-10 on December 2, 2025.
Equinity Trust Company, LLC is acting as the exchange agent and transfer agent for the reverse stock split. Stockholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse stock split. Beneficial holders are encouraged to contact their bank, broker or custodian with any procedural questions.
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 Company’s reverse stock split, 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, 2024, 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
Source: Dragonfly Energy Holdings Corp.
