Dragonfly Energy Holdings Corp. has approved a 1-for-8 reverse stock split of its common stock, effective October 12, 2026. The primary purpose of the split is to increase the per-share trading price to regain compliance with the Nasdaq's minimum bid price requirement of $1.00. The stock will begin trading on a split-adjusted basis on the effective date under the existing ticker symbol "DFLI".
Key Details
- Effective Date & Ratio: The reverse stock split will be effective at a 1-for-8 ratio on October 12, 2026, at 12:01 a.m. Pacific Time.
- Nasdaq Compliance: The action is intended to raise the company's stock price above the $1.00 per share minimum required for continued listing on The Nasdaq Capital Market.
- Capital Structure: The number of authorized shares of common stock will be proportionally reduced from 400 million to 50 million. The stock's CUSIP number will change to 26145B 601.
- Fractional Shares: No fractional shares will be issued. Any stockholder entitled to a fractional share will receive one whole share of common stock instead.
- Other Securities: Proportionate adjustments will be made to the company's outstanding equity awards, warrants, and convertible preferred stock.