Business context and reporting period
Dragonfly Energy Holdings Corp. filed this Form 8-K on October 8, 2026, reporting a board-approved 1-for-8 reverse stock split. The split is scheduled to take effect at 12:01 a.m. Pacific Time on October 12, 2026; the filing does not report a financial results period.
Key financial and capital facts
- The filing provides no revenue, profit, cash flow, margin, debt, or liquidity figures.
- Authorized common shares will decrease from 400,000,000 to 50,000,000; common stock par value remains $0.0001 per share. Authorized preferred shares remain 5,000,000, with no change to their par value.
- Common stock will continue trading as DFLI on Nasdaq on a split-adjusted basis. The CUSIP will change to 26145B 601.
- Equity awards, plan shares, warrants, and convertible preferred stock conversion terms will be proportionately adjusted. Each outstanding warrant will become exercisable for one-eighth of a common share.
Material change and rationale
The company says the reverse split is intended to raise the common stock’s closing bid price above $1.00 and help manage compliance with Nasdaq’s minimum bid-price requirement. Stockholder approval was not required under Nevada law. Ownership percentages and voting power are expected to remain substantially unchanged, subject to rounding.
No fractional shares will be issued or paid in cash; holders who would otherwise receive a fractional share will instead receive one whole post-split share. Registered holders and holders through brokers or nominees are not required to take action, though broker processing may vary.
Outlook, risks, and unusual items
The filing’s statements about the split’s timing, trading, price impact, and Nasdaq compliance are forward-looking and are not guarantees. The company refers investors to risk factors in its SEC filings. The filing provides no financial guidance or operating outlook.
Important facts for investors to verify
- Confirm the split became effective on October 12, 2026, and review Nasdaq trading and the CUSIP change.
- Monitor whether the split results in a closing bid price above $1.00 and supports continued Nasdaq compliance.
- Check broker or nominee account adjustments and the effects of fractional-share rounding.
- Review the adjusted terms for outstanding warrants, equity awards, and convertible preferred stock.