other material
confidence high
sentiment negative
materiality 0.55
Dragonfly Energy sets 1-for-8 reverse stock split effective Oct 12 to regain Nasdaq $1 bid compliance
Dragonfly Energy Holdings Corp.
- Board approved a 1-for-8 reverse split of common stock; effective 12:01 a.m. Pacific on Oct 12, 2026, trading split-adjusted under existing symbol 'DFLI'.
- Authorized common stock drops from 400,000,000 to 50,000,000 shares; par value stays $0.0001 and the 5,000,000 authorized preferred shares are unaffected.
- Company says the split is intended to push the closing bid price above $1.00 and manage compliance with Nasdaq Listing Rule 5550(a)(2).
- CUSIP changes to 26145B 601; no fractional shares issued, with holders rounded up to one whole share; Equiniti Trust is transfer agent.
- Outstanding warrants become exercisable for 1/8 of a share, and equity awards and convertible preferred conversion terms are proportionately adjusted.