RENO, Nev., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. ("Dragonfly Energy" or the "Company") (NASDAQ:DFLI), an industry leader in energy storage and battery technology, today announced the closing of an underwritten offering of 23,000,000 shares of common stock, which includes the full exercise of the underwriters' option to purchase an additional 3,000,000 shares of common stock, at a public offering price of $1.25 per share. The gross proceeds to the Company, before deducting underwriting discounts and commissions and estimated offering expenses, were approximately $28.75 million.

Canaccord Genuity acted as the sole bookrunner for the offering. Roth Capital Partners acted as co-manager for the offering.

Dragonfly Energy intends to use the net proceeds from the offering for working capital and other general corporate purposes, including the repayment of $4.0 million under its term loan agreement, continued investments in initiatives intended to drive near term revenue, and continued strategic investment in next generation battery technologies, including scaling the dry electrode process and its application to solid-state batteries.

The offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-275559) that was declared effective by the Securities and Exchange Commission ("SEC") on November 24, 2023. A final prospectus supplement with the final terms of the offering was filed with the SEC and is available for free on the SEC's website, located at www.sec.gov. Copies ...