Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) shares tumbled 30% on Monday after the energy storage and battery technology company announced the pricing of a new underwritten public offering.
The Nevada-based firm priced 20 million shares of common stock at $1.25 per share, a steep discount from Friday’s closing price of $1.89. The offering is expected to generate roughly $25 million in gross proceeds before accounting for underwriting fees, commissions, and related expenses.
As part of the transaction, Dragonfly Energy granted underwriters a 30-day option to purchase up to 3 million additional shares at the same public offering price, minus applicable fees.
The significant discount relative to the prior market price appears to have triggered the sharp selloff, with investors reacting to concerns about share dilution and the impact of an expanded share base on existing holdings.
The offering is slated to close around October 7, 2025, pending customary closing conditions.
Dragonfly Energy, which trades on the Nasdaq under the ticker DFLI, focuses on advanced energy storage and lithium battery technologies. While the company is regarded as an emerging leader in the sector, Monday’s stock decline underscores investor unease over the short-term dilutive effects of the capital raise.
Dragonfly Energy Holdings Corp stock price
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