04:51 AM EDT, 10/16/2025 (MT Newswires) -- Dragonfly Energy ( DFLI ) shares were down more than 14% in premarket activity Thursday after the company announced overnight that it is launching an underwritten public offering of common shares and pre-funded warrants.

The company expects to grant the underwriter a 30-day option to purchase up to an additional 15% of securities to be offered.

Dragonfly Energy ( DFLI ) said it plans to use the proceeds for working capital and general corporate purposes.