Dragonfly Energy announces 1-for-10 reverse stock split

2025-12-16 20:41

Dragonfly Energy (DFLI) on Tuesday said it will implement a 1-for-10 reverse stock split of its common stock, effective at the start of trading on December 18.
Following the split, every 10 shares outstanding will be consolidated into one share, reducing the number of shares outstanding to about 12.1 million from roughly 120.8 million.
The company’s shares will continue to trade on the Nasdaq Capital Market under the symbol DFLI, with a new CUSIP number.
The reverse split will not change the company’s authorized shares or par value and will apply proportionately to outstanding warrants, stock options and equity incentive plans. Fractional shares will not be issued, with cash paid in lieu of any fractional entitlements.
The move was approved by shareholders in October and authorized by the board earlier this month. Dragonfly Energy said the reverse split is intended to maintain Nasdaq listing compliance.

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