🔴 Dragonfly Energy is trading 15.5% down now at $3.19 after its 1-for-8 reverse split took effect

Dragonfly Energy is trading 15.5% down at $3.19 after its 1-for-8 reverse stock split took effect.

• Split-adjusted trading began October 12, 2026.
• The company said the action was intended to lift its share price above Nasdaq’s $1.00 minimum bid requirement.
• The split mechanically increases the per-share price but does not change investors’ total holding value. No separate same-day company announcement explaining the decline was found.