Dragonfly Energy Holdings Corp. announced on October 16, 2025 that it has priced an underwritten public offering of 36 million shares of common stock at $1.35 per share, along with pre‑funded warrants for up to 5 million shares at $1.3499 per warrant, generating gross proceeds of approximately $55.4 million before underwriting discounts and commissions.
The offering is being managed by Canaccord Genuity as sole bookrunner and Roth Capital Partners as co‑manager. The transaction is expected to close on or about October 17, 2025, and the company plans to use the proceeds for working capital, prepayment of $45 million of outstanding indebtedness under its term loan, continued investments in near‑term revenue initiatives, and strategic development of next‑generation battery technologies, including scaling its dry‑electrode process and solid‑state battery applications.
This financing event strengthens Dragonfly’s liquidity position, reduces debt obligations, and supports its growth strategy, thereby addressing the company’s ongoing going‑concern risk and enhancing its financial resilience.
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