Lukas Lutz
the Board appointed Lukas Lutz to serve as an independent director, effective June 18, 2026
Highest-materiality recent filing
Dragonfly Energy Q1 net sales $9.7M, down 27%; adj EBITDA $(4.6)M; guides Q2 sales $13.2M
Q1 net sales $9.7M (-27% YoY); OEM $5.8M (-29%), DTC $3.7M (-26%).
Q4 2025 OEM sales grew 30% YoY to $8.1M; DTC declined 18% to $4.7M.
FY2025 net sales $58.6M (+16% YoY); net loss $69.9M ($14.80 per diluted share); OEM sales up 33.8%.
Dragonfly Energy enters $50M ATM equity distribution agreement with Canaccord Genuity
Up to $50 million of common stock may be offered and sold at the market through Canaccord Genuity.
Dragonfly Energy completes 1-for-10 reverse stock split; ticker remains DFLI
Effective Dec 18, 2025: each 10 old shares converted into 1 new share; cash paid for fractional shares.
Dragonfly Energy Q3 net sales $16.0M beats guidance; gross margin expands 710 bps
Q3 net sales $16.0M, up 25.5% YoY; OEM sales $10.7M (+44.3%); net loss $(11.1)M or $(0.20)/share.
Dragonfly Energy converts $25M term loan into Series B Preferred Stock
Issued $25M Series B Preferred (stated value $1,000/share) in exchange for $25M principal of Term Loan.
Dragonfly Energy regains Nasdaq compliance; monitoring period through Oct 2026
Received Nasdaq Hearings Panel letter on Oct 20, 2025 confirming regained compliance with minimum bid price and market value of listed securities requirements.
Repaid $45M of term loan from Oct 17 equity offering; issued $25M of 8% cash + 2% PIK Series B preferred convertible at $3.15/share.
Dragonfly Energy prices $55.4M offering; proposes restructuring of $92M term loan
Priced public offering of 36M shares at $1.35 and 5M pre-funded warrants at $1.3499 for gross $55.4M.
Dragonfly Energy launches $49M public offering and proposes debt restructuring
Offering of 36M shares at $1.35 and 5M pre-funded warrants at $1.3499, net proceeds ~$51.7M.
Reverse stock split authorized (1:2 to 1:50); Board to determine exact ratio.
Dragonfly Energy Q3 preliminary net sales $16.0M, beat guidance; 26% YoY growth
Preliminary Q3 net sales $16.0M, above $15.9M guidance; 26% YoY increase.
Dragonfly Energy prices $25M common stock offering at $1.25/sh; net proceeds ~$26.7M
Priced 20,000,000 shares at $1.25/sh; underwriters exercised option for 3,000,000 additional shares.
Dragonfly Energy Q2 net sales $16.2M (+23% YoY); guides Q3 sales ~$15.9M
OEM sales up 51% to $10.1M; DTC down 9% to $5.9M; gross margin 28.3% (+430 bps).
Dragonfly Energy prices $5.5M public offering of 21.98M shares at $0.25/share
Underwriting agreement with Canaccord Genuity for 21,980,000 shares at $0.25/share.
Preliminary Q2 net sales $16.2M, up 23% YoY; Adjusted EBITDA loss $(2.2)M vs guidance $(3.5)M.
Dragonfly Energy Settlement Eliminates Series A Preferred Stock and Related Obligations
Dragonfly Energy entered a Settlement and Release Agreement on July 20, 2025 with the holder of its Series A Convertible Preferred Stock.
Nasdaq grants Dragonfly Energy exception to Nov 10, 2025 to avoid delisting; milestones set
Exception to regain bid price >=$1.00 and MVLS >=$35M by Nov 10, 2025.
On June 11, 2025, Nasdaq notified Dragonfly Energy it is non-compliant with the $35M MVLS requirement for 30 consecutive days.
Dragonfly Energy Q1 net sales $13.4M, above guidance; OEM sales up 11% YoY; Q2 guide $14.8M
Net sales $13.4M (+6.8% YoY), above Q1 guidance; OEM sales $8.1M (+10.8%).
Dragonfly Energy closes $4.5M preferred stock placement; authorized shares increased to 400M
On April 28, 2025, second closing of private placement sold 450 Series A Preferred shares at $10,000 each, raising $4.5M.
Dragonfly Energy Q1 prelim net sales $13.4M, Adj EBITDA -$3.6M, above guidance
Preliminary Q1 2025 net sales of $13.4M and Adjusted EBITDA of -$3.6M, both above prior guidance.
Q4 net sales $12.2M (+17% YoY), driven by 61% OEM growth; full-year sales $50.6M (-21%).
Dragonfly Energy settles ITC patent suit for $2.5M; launches new Battle Born DualFlow Power Pack
Settlement with LithiumHub terminates ITC patent litigation; Dragonfly pays $2.5M — $0.6M in 2025, $1.9M in 2026 — for non-exclusive license.
Sold 180 shares Series A Preferred at $10,000/share in registered direct; conversion price $2.332, floor $1.00.
Dragonfly avoids Q4 default via loan amendment; grants 350K penny warrants at $0.01
Waived Senior Leverage and Fixed Charge Coverage tests for Q4 2024, preventing default.
Dragonfly Energy receives Nasdaq delisting notice for MVLS non-compliance
Nasdaq notice on Dec 12, 2024: MVLS below $35M for 30 consecutive business days.
Dragonfly Energy regains Nasdaq minimum bid price compliance
Received Nasdaq Staff letter on Dec 9, 2024 confirming compliance regained.
Dragonfly Energy completes 1-for-9 reverse stock split effective Nov 22, 2024
Reverse stock split at 1:9 ratio; effective at market open on Nov 22, 2024.
Q3 net sales $12.7M vs $15.9M YoY; net loss $(6.8)M vs $(10.0)M; diluted EPS $(0.11) vs $(0.17).
Dragonfly Energy secures waiver of Q3 2024 financial covenants, issues penny warrants for 3M shares
Lenders waived Senior Leverage Ratio and Fixed Charge Coverage Ratio tests for Q3 2024.
Dragonfly Energy Q2 net sales $13.2M (-32% YoY); net loss $13.6M; guides Q3 sales $13.5-15M
Net sales $13.2M vs $19.3M Q2 2023; net loss $13.6M ($0.22/sh) vs $11.9M loss ($0.25/sh).
Dragonfly Energy signs $30M licensing deal with Stryten Energy for Battle Born Batteries brand
Initial $5M fee plus mid-single-digit royalties on net sales up to $25M, then nominal annual fee.
Waived Senior Leverage Ratio and Fixed Charge Coverage Ratio tests for quarter ending June 30, 2024.
Nasdaq extended compliance deadline for minimum bid price to December 6, 2024.
the Board appointed Lukas Lutz to serve as an independent director, effective June 18, 2026
replacing Brian Nelson.
On May 30, 2025, Rick Parod resigned from the Board of Directors (the “Board”) of Dragonfly Energy Holdings Corp. (the “Company”), effective May 31, 2025.
each of Dr. Karina Montilla Edmonds and Mr. Jonathan Bellows resigned as a member of the Board, effective immediately.
each of Dr. Karina Montilla Edmonds and Mr. Jonathan Bellows resigned as a member of the Board, effective immediately.
Dragonfly Energy Holdings Corp. (the “Company”) has appointed Dr. Vickram Singh, the Company’s current Senior Vice President of Technology, as the Company’s Chief Operating Officer
On April 26, 2023, Ms. Harvey’s employment with Dragonfly Energy Holdings Corp. (the “ Company ”) ended and her employment agreement, which is filed as an exhibit to the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2022, would be deemed terminated as of that date by the Company without cause for purposes of determining severance thereunder.
Sean Nichols, the Company’s Chief Operating Officer, would be leaving the Company to pursue other interests.
Max materiality 0.85 · Median 0.70 · Most common event other_material