Dragonfly Energy Holdings Corp ( (DFLI) ) has issued an announcement.
On February 27, 2025, Dragonfly Energy Holdings Corp. announced a significant corporate debt restructuring and a capital raise aimed at enhancing its financial flexibility and liquidity. The company completed an amendment to its existing debt facility, which includes a waiver of quarterly liquidity covenants and an extension of the debt maturity date to October 7, 2027. Additionally, Dragonfly Energy raised $3.5 million through a registered direct offering and private placement of Series A Convertible Preferred Stock, with a second contingent tranche of $4.5 million. This strategic move is expected to strengthen the company’s financial position, allowing it to pursue strategic initiatives with greater flexibility, potentially impacting its market positioning and stakeholder interests.
More about Dragonfly Energy Holdings Corp
Dragonfly Energy Holdings Corp. is a leading company in the energy storage and battery technology industry, specializing in lithium battery technology. The company is known for its cell manufacturing, battery pack assembly, and full system integration, with a strong market presence through its Battle Born Batteries® brand. Dragonfly Energy focuses on providing power solutions for energy storage systems, electric vehicles, and consumer electronics, utilizing its patented dry electrode manufacturing process.
YTD Price Performance: -33.96%
Average Trading Volume: 65,766
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.38M
See more insights into DFLI stock on TipRanks’ Stock Analysis page.