ZombieClean Energy
What Happened to Dragonfly Energy Holdings?
Ticker: DFLISPAC Year: 2021
Return
-79.3%
Current Price
$2.07
Peak Price
$2587.5
Trust Size
$74M
Summary
Dragonfly Energy develops and manufactures lithium-ion battery systems, including its Battle Born Batteries brand, for RVs, marine, off-grid, and other specialty applications.
What Happened
Dragonfly Energy went public in October 2022 through a SPAC merger. The company's Battle Born Batteries brand is well-known in the RV and marine markets as a lithium-iron-phosphate (LFP) alternative to lead-acid batteries. Despite a loyal customer base, the company has faced challenges scaling production and managing costs, with the stock declining substantially from its debut price.
Timeline
2021-04-09
S-1 Registration Filed
Risk Indicators
⚠️ Reverse Split