Dragonfly Energy Holdings Corp. (DFLI): Nasdaq/NYSE listing notice — Dragonfly Energy receives Nasdaq minimum bid price deficiency notice

Dragonfly Energy Holdings Corp.

Received Nasdaq notice on Dec 12, 2023 for failing $1.00 minimum bid price over 30 consecutive business days.
Granted 180-day compliance period until June 10, 2024 to regain compliance with the Bid Price Requirement.
May consider reverse stock split to cure deficiency; otherwise faces potential delisting from Nasdaq Global Market.
Updated risk factors warn delisting could reduce liquidity, impair capital raising, and further hurt stock price.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Dragonfly Energy Holdings Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

December 12, 2023, Dragonfly Energy Holdings Corp. (the “ Company ”) received a written notice (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Market (the “ Bid Price Requirement ”). The Notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Global Market. The Nasdaq Listing Rules require listed securities to maintain a mini

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Dragonfly Energy Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-045052

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