Dragonfly Energy is trading 7.29% down in pre-market at $3.50 on October 12, following the effective date of its announced 1-for-8 reverse stock split. - The company said the split was intended to lift its share price above Nasdaq’s $1.00 minimum bid requirement. - A sharp decline on October 9 was reported after the announcement. - No separate October 12 company announcement was identified; the broader market was mixed pre-market, providing no clear explanation for the move.