Dragonfly Energy Holdings Corp. (DFLI) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Dragonfly Energy Holdings Corp. on December 18, 2025. The report details a material corporate action: the implementation of a one-for-ten reverse stock split of the Company's common stock, effective at 6:00 a.m. Eastern Time on December 18, 2025.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the structural change to the Company's capitalization.
Material Changes
- Reverse Stock Split: A one-for-ten (1:10) reverse stock split was effected. Every ten shares of issued and outstanding Common Stock were converted into one share.
- Trading Adjustments: The Common Stock began trading on a split-adjusted basis on December 18, 2025, under the existing ticker symbol "DFLI" on The Nasdaq Capital Market.
- CUSIP Change: The CUSIP number for the Common Stock changed to 26145B 403.
- Security Adjustments: All outstanding securities, including stock options and warrants, were adjusted proportionally to reflect the split.
- Fractional Shares: No fractional shares were issued; cash in lieu of fractional shares was paid to entitled stockholders.
- Capital Structure: The par value ($0.0001) and the authorized number of shares of Common Stock remained unchanged.
Management Commentary and Governance
On October 15, 2025, stockholders approved a proposal authorizing the Board of Directors to effect a reverse stock split at a ratio between 1:2 and 1:50. On December 2, 2025, the Board exercised this discretion, approving the 1:10 ratio and the subsequent filing of the Certificate of Amendment with the Nevada Secretary of State.
Investor Verification Checklist
- Verify the adjusted share count and price per share on trading platforms effective December 18, 2025.
- Confirm the updated CUSIP number (26145B 403) for the Common Stock in brokerage accounts.
- Review the adjustment terms for any held warrants (DFLIW) or stock options to ensure exercise prices and quantities were correctly updated.
- Check for cash payments received in lieu of fractional shares if applicable.