Dragonfly Energy signs $30M licensing deal with Stryten Energy for Battle Born Batteries brand

Dragonfly Energy Holdings Corp.

Initial $5M fee plus mid-single-digit royalties on net sales up to $25M, then nominal annual fee.
Stryten gets exclusive worldwide B2B rights in auto, marine, power sports, lawn/garden, golf cart, and military markets.
Dragonfly retains RV, off-grid, heavy-duty trucking, stationary storage, and oil & gas markets independently.
Dragonfly will contract manufacture batteries initially at its Nevada facility until Stryten builds its own capacity.
Agreement is perpetual; either party can terminate if royalties fall below $15M after 5 years or for uncured breach.

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