Dragonfly Energy Faces Nasdaq Delisting Warning

TL;DR

DFLI got a Nasdaq delisting warning for low stock price, needs to hit $1 by June 9, 2025, or it's off the exchange.

AI Summary

Dragonfly Energy Holdings Corp. announced on December 12, 2024, that it received a notice from the Nasdaq Stock Market indicating a failure to meet the minimum bid price requirement for continued listing. The company has 180 days, until June 9, 2025, to regain compliance by achieving a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.

Why It Matters

This delisting warning signals potential financial distress and could negatively impact investor confidence and the company's ability to raise capital.

Risk Assessment

Risk Level: high — The company is at high risk of delisting from the Nasdaq, which could severely impact its liquidity and market perception.

Key Numbers

• 180 days — Compliance Period (Timeframe to regain minimum bid price)
• $1.00 — Minimum Bid Price (Requirement for continued Nasdaq listing)

Key Players & Entities

• Dragonfly Energy Holdings Corp. (company) — Registrant
• Nasdaq Stock Market (company) — Listing Exchange
• December 12, 2024 (date) — Notice Date
• June 9, 2025 (date) — Compliance Deadline
• $1.00 (dollar_amount) — Minimum Bid Price Requirement

FAQ

Key Financial Figures

• $0.0001 — ch Registered Common Stock, par value $0.0001 per share DFLI The Nasdaq Capital M
• $35 million — Value of Listed Securities ("MVLS") of $35 million for continued listing on The Nasdaq Cap
• $2,500,000 — Listing Rules, stockholders' equity of $2,500,000, or net income of $500,000 from continu
• $500,000 — equity of $2,500,000, or net income of $500,000 from continuing operations in the most

Filing Documents

• form8-k.htm (8-K) — 50KB
• 0001493152-24-050537.txt ( ) — 273KB
• dfli-20241212.xsd (EX-101.SCH) — 4KB
• dfli-20241212_def.xml (EX-101.DEF) — 29KB
• dfli-20241212_lab.xml (EX-101.LAB) — 36KB
• dfli-20241212_pre.xml (EX-101.PRE) — 26KB
• form8-k_htm.xml (XML) — 6KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 12, 2024 DRAGONFLY ENERGY HOLDINGS CORP. (Exact name of registrant as specified in its charter) Nevada 001-40730 85-1873463 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1190 Trademark Drive , #108 Reno , Nevada 89521 (Address of principal executive offices) (Zip Code) (775) 622-3448 Registrant's telephone number, including area code N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class: Trading Symbol Name of Each Exchange on which Registered Common Stock, par value $0.0001 per share DFLI The Nasdaq Capital Market Redeemable warrants, exercisable for Common Stock DFLIW The Nasdaq Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On December 12, 2024, Dragonfly Energy Holdings Corp. (the "Company") received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(2), which requires the Company to maintain a minimum Market Value of Listed Securities ("MVLS") of $35 million for continued listing on The Nasdaq Capital Market (the "MVLS Requirement") for the 30 consecutive business days preceding receipt of the Notice. Additionally, as of the date of this Current Report, the Company does not meet either of the alternative Nasdaq continued listing standards under the Nasdaq Listing Rules, stockholders' equity of $2,500,000, or net income of $500,000 from continuing operations in the most recently completed fiscal year, or in two of the three most recently completed fiscal years. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company will have 180 calendar days, or until June 10, 2025 (the "Compliance Period") to regain compliance with the MVLS Requirement. To regain compliance during the 180-day period, the Company's MVLS must be at least $35 million for a minimum of ten consecutive business days at any time during this period, after which Nasdaq will provide written confirmation of compliance to the Company and the matter will be closed. If the Company does not regain compliance with the MVLS Requirement by the end of the Compliance Period, the Company will receive written notification from Nasdaq that its securities are subject to delisting. At that time, the Company may appeal any such delisting determination to a Nasdaq hearings panel. The Notice has no immediate effect on the listing of the Company's common stock or redeemable warrants, which will continue to trade on The Nasdaq Capital Market under the symbols "DFLI" and "DFLIW", respectively, subject to the Company's compliance with the other continued listing requirements of The Nasdaq Capital Market. The Company intends to monitor its MVLS and may, if appropriate, consider implementing available options to regain compliance with the MVLS Requirement. However, there can be no assurance that the Company will be able to regain compliance with the MVLS Requirement. Item 8.01 Other Events. The Company is including the below update to its risk factors, for the purpose of supplementing and updating the disclosure contained in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on April 16, 2024, as amended by the Form 10-K/A on April 29, 2024, and its Quarterly Reports on Form 10-Q for the period ended March 31, 2024, filed with the SEC on May 15, 2024, for the period ended June 30, 2024, filed with the

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