Dragonfly Energy exchanges preferred stock for 2.1 million common shares
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Dragonfly Energy Announces Exchange of Remaining Outstanding Shares of Series A Convertible Preferred Stock
July 21, 2025 8:00 AM EDTStrategic Move Eliminates Associated Common Stock Issuance and Dividend Obligations, Enhancing Financial Flexibility
RENO, Nev., July 21, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Dragonfly Energy or the Company) (Nasdaq: DFLI), an industry leader in energy storage and battery technology, today announced that it has entered into a Settlement and Mutual Release Agreement (the Agreement) with the holder of its Series A Convertible Preferred Stock, par value $0.0001 per share (the Series A Preferred Stock), eliminating all outstanding shares of the Series A Preferred Stock and associated common stock issuance obligations.
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