Dragonfly Energy Holdings Corp. (DFLI): Nasdaq/NYSE listing notice — Dragonfly Energy receives Nasdaq delisting notice for MVLS non-compliance

Dragonfly Energy Holdings Corp.

Nasdaq notice on Dec 12, 2024: MVLS below $35M for 30 consecutive business days.
Company also fails alternative standards: stockholders' equity <$2.5M and net income <$500k.
180-day compliance period ends June 10, 2025; MVLS must be ≥$35M for 10 consecutive days.
No immediate effect on listing; DFLI and DFLIW continue trading on Nasdaq.
Company may consider options but cannot assure regaining compliance.

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 market value (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

December 12, 2024, Dragonfly Energy Holdings Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(2), which requires the Company to maintain a minimum Market Value of Listed Securities (“MVLS”) of $35 million for continued listing on The Nasdaq Capital Market (the “MVLS Requirement”) for the 30 consecutive business days preceding receipt of the Notice. Additionally, as of the date of this Current Report, the Company doe

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Dragonfly Energy Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-050537

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