Dragonfly Energy acquires Dakota Lithium assets for $4M; expects Q4 2026 EBITDA accretion

Dragonfly Energy Holdings Corp.

Acquired Dakota Lithium brand assets for $4M ($1M cash + $3M stock at $2/share, 1.5M shares) from Clean Liquidation, LLC.
Dakota Lithium generated ~$12M net revenue in 2025; acquisition expected to be accretive to Adjusted EBITDA starting Q4 2026.
Concurrent term loan amendment: interest rate increased to 14% (PIK through Dec 2026), minimum liquidity covenant reduced to $4M-$5M, preserving ~$1M liquidity.
Shares issued subject to 12-month lock-up; acquisition expands Dragonfly's reach into marine, outdoor rec, powersports, golf cart markets.

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