09:14 AM EDT, 10/16/2025 (MT Newswires) -- Dragonfly Energy ( DFLI ) said Thursday it has priced an underwritten public offering of 36 million shares at $1.35 per share and pre-funded warrants to purchase up to 5 million shares of common stock at $1.3499 per warrant, for expected gross proceeds of about $55.4 million.

The company said it has granted the underwriters a 30-day option to purchase up to an additional 6.2 million shares. The offering is expected to close Friday.

Dragonfly Energy ( DFLI ) said it intends to use the net proceeds for working capital and other general corporate purposes, including the prepayment of $45 million of outstanding indebtedness under its term loan agreement in connection with a proposed restructuring of the its outstanding indebtedness, continued investments in initiatives intended to drive near term revenue, and continued strategic investment in next-generation battery technologies.

The company's shares were down nearly 22% in recent Thursday premarket activity.