Dragonfly Energy receives additional Nasdaq delisting notice for MVLS non-compliance; hearing June 24

Dragonfly Energy Holdings Corp.

On June 11, 2025, Nasdaq notified Dragonfly Energy it is non-compliant with the $35M MVLS requirement for 30 consecutive days.
Company also fails the alternative listing standards: stockholders' equity of $2.5M or net income of $500K from continuing operations.
Previously disclosed non-compliance with $1.00 minimum bid price rule (May 14, 2025).
A hearing with the Nasdaq Hearings Panel is scheduled for June 24, 2025, to request an extension for both deficiencies.
Common stock (DFLI) and warrants (DFLIW) continue trading on Nasdaq pending the hearing outcome.

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