Business
Dragonfly Energy Reports Financial and Operating Results for the First Nine Months of 2022
Successful completion of business combination; Shares commenced trading on Nasdaq Exchange RENO, Nev., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Dragonfly Energy
About this update from Dragonfly Energy Holdings Corp
[{"type":"text","content":"Successful completion of business combination; Shares commenced trading on Nasdaq Exchange\nRENO, Nev., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (f/k/a Chardan NexTech Acquisition 2 Corp. or “CNTQ”) (Nasdaq: DFLI) (“Dragonfly Energy”), an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, announced it has released financial and operating results for Dragonfly Energy Corp. for the first nine months of 2022. The unaudited condensed consolidated financial statements of Dragonfly Energy Corp. and additional information, including updated pro forma information, can be found in Dragonfly Energy’s Current Report on Form 8-K/A, filed with the Securities and Exchange Commission today, November 14, 2022 (the “Form 8-K”). This earnings release should be read together with the information contained in the Form 8-K. Select Year-to-Date Operational Highlights Completed business combination on October 7th with CNTQ and commenced trading on the Nasdaq under the ticker “DFLI” on October 10th.In July 2022, Dragonfly Energy announced it had entered into a non-binding letter of intent for Aqua Metals to supply commercial quantities of lithium hydroxide to Dragonfly Energy, as well as providing battery recycling services.In July 2022, Thor Industries announced it had formed a strategic partnership with Dragonfly Energy, including an investment of $15 million.Earlier this year, Dragonfly Energy announced Bruker Clean Technology Research would be installing an in-house research facility for the company, dedicated to lithium and next-generation solid-state battery optimization.Earlier this year, Dragonfly Energy announced it acquired the assets and intellectual property of Wakespeed Offshore, providing the company the ability to offer complete alternator-connected systems for marine and RV markets. In October, Dragonfly Energy launched a new website, re-branding and mobile app for the Wakespeed brand.At the start of 2022, Dragonfly Energy announced it had entered into an exclusive agreement to provide Dragonfly Energy batteries as standard or optional OEM equipment on Keystone RV travel trailers and fifth-wheels. “Our first earnings report as a public company represents an important milestone for Dragonfly Energy as a new publicly traded company,” said Denis Phares, CEO of Dragonfly Ener...