Alyeska reports 9.9% stake in Dragonfly Energy

Alyeska Investment Group, L.P. and related entities report a 9.9% beneficial stake in Dragonfly Energy Holdings Corp.’s common stock as of December 31, 2025.

Accepted by SEC EDGAR 02/17/2026 - 04:35 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Alyeska Investment Group, L.P. and related entities report a 9.9% beneficial stake in Dragonfly Energy Holdings Corp.’s common stock as of December 31, 2025. They report beneficial ownership of 1,195,792 shares, combining common stock and exercisable pre-funded warrants.

The group holds 744,422 common shares and pre-funded warrants for 500,000 additional shares, but warrant exercises are limited so total ownership cannot exceed 9.9% of Dragonfly’s outstanding stock. They certify the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in Dragonfly Energy (DFLI) does Alyeska report on this Schedule 13G?

Alyeska Investment Group and related filers report beneficial ownership of 1,195,792 Dragonfly Energy common shares, representing 9.9% of the class as of December 31, 2025. This figure includes both common stock and the portion of pre-funded warrants currently exercisable.

How many Dragonfly Energy (DFLI) common shares and warrants does Alyeska hold?

The reporting persons hold 744,422 Dragonfly Energy common shares and pre-funded warrants to purchase 500,000 additional shares. Due to a 9.9% ownership cap, only 451,370 warrant shares are currently exercisable and counted toward beneficial ownership in this filing.

What is the ownership cap mentioned in Alyeska’s Dragonfly Energy (DFLI) filing?

The pre-funded warrants can only be exercised up to a level where total holdings equal 9.9% of Dragonfly Energy’s outstanding common stock. As of December 31, 2025, this limits exercisable warrant shares to 451,370, keeping the reported stake at the 9.9% threshold.

Does Alyeska seek to influence control of Dragonfly Energy (DFLI) with this stake?

The reporting persons certify the securities were acquired and are held in the ordinary course of business. They state they were not acquired and are not held for the purpose or effect of changing or influencing control of Dragonfly Energy Holdings Corp.

Who are the reporting persons in the Dragonfly Energy (DFLI) Schedule 13G?

The Schedule 13G lists three reporting persons: Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh. All report shared voting and dispositive power over 1,195,792 Dragonfly Energy common shares as of December 31, 2025.

How many Dragonfly Energy (DFLI) shares are outstanding for this ownership calculation?

The percentage ownership is based on 12,078,705 outstanding Dragonfly Energy ordinary shares. This figure comes from the company’s Form 8-K filed on December 18, 2025, and is used to compute the reporting persons’ 9.9% beneficial ownership level.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Dragonfly Energy Holdings Corp.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

26145B403

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 26145B403

1

Names of Reporting Persons

Alyeska Investment Group, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,195,792.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,195,792.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,195,792.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 26145B403

1

Names of Reporting Persons

Alyeska Fund GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,195,792.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,195,792.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,195,792.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 26145B403

1

Names of Reporting Persons

Anand Parekh

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,195,792.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,195,792.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,195,792.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Dragonfly Energy Holdings Corp.
(b)	Address of issuer's principal executive offices: 12915 Old Virginia Road Reno, Nevada 89521
Item 2.
(a)	Name of person filing: (i) Alyeska Investment Group, L.P. (ii) Alyeska Fund GP, LLC (iii) Anand Parekh
(b)	Address or principal business office or, if none, residence: (i) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (ii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (iii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601
(c)	Citizenship: (i) Alyeska Investment Group, L.P. - Delaware (ii) Alyeska Fund GP, LLC - Delaware (iii) Anand Parekh - United States of America
(d)	Title of class of securities: Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 26145B403
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,195,792
(b)	Percent of class: 9.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,195,792
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,195,792
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Alyeska Investment Group, L.P.

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	02/17/2026

Alyeska Fund GP, LLC

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	02/17/2026

Anand Parekh

Signature:	Anand Parekh
Name/Title:	Anand Parekh | Self
Date:	02/17/2026

Exhibit Information

The reporting persons are the beneficial owners of 744,422 common stock, of the Issuer and hold pre-funded warrants to purchase 500,000 shares of the Issuer's Class A common stock, (the "Warrants"). However, per their terms, the Warrants can only be exercised into such number of shares that would constitute 9.9% of the total number of Common Stock of the Issuer outstanding immediately after giving effect to the issuance of Common Stock upon exercise of this Warrant by the Holder. Accordingly, as of December 31, 2025 the reporting persons may only exercise up to 451,370 Ordinary Shares under the Warrant Agreement, and as such, is reporting beneficial ownership of only such number of shares. The percentage calculation assumes that there are currently 12,078,705 outstanding shares of Ordinary Shares of the Issuer, based on the Issuer's Form 8-K filed with the Securities and Exchange Commission on December 18, 2025. JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.