Dragonfly Energy Holdings Corp. has settled with the holder of its Series A Convertible Preferred Stock, eliminating all outstanding shares and obligations. In exchange, Dragonfly Energy will issue 2,100,000 shares of common stock. This strategic move enhances financial flexibility and removes potential future dilution concerns. The shares are being sold without registration under the Securities Act, positioning the company for growth and profitability. Dragonfly Energy specializes in lithium battery technology, offering solutions for energy storage systems, electric vehicles, and consumer electronics. For more information, visit investors.dragonflyenergy.com.

Read more at GlobeNewswire: Dragonfly Energy Announces Exchange of Remaining