Dragonfly Energy Holdings Corp. (DFLI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
DFLI currently has 12.1M outstanding shares. with moderate dilution risk from 3.98M authorized shares representing 33.0% potential dilution. The company has significantly diluted shareholders by 699.31% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
10-Q filing | 12.1M shares outstanding |
12M | 4M |
| Mar 30, 2026 |
10-K filing | 12.1M shares outstanding |
12M | 4M |
| Dec 18, 2025 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 120,787,052 → 12,078,705 |
12M | 4M |
| Dec 01, 2025 |
RW filing: The company is seeking withdrawal of the registration statement related to the resale of common stock issuable upon the exercise of penny warrants. |
120M | 40M |
| Nov 14, 2025 |
10-Q filing | 120.8M shares outstanding |
120M | 41M |
| Oct 16, 2025 |
8-K filing: Dragonfly Energy Holdings Corp. entered into an underwriting agreement for a public offering of 36,000,000 shares of common stock at $1.35 per share and pre-funded warrants to purchase up to 5,000,000 shares of common stock at $1.3499 per warrant. ($48.6M proceeds) |
62M | 41M |
| Oct 06, 2025 |
8-K filing: Dragonfly Energy Holdings Corp. completed an underwritten offering of 23,000,000 shares of common stock at a price of $1.25 per share, resulting in net proceeds of approximately $26.7 million for working capital and other corporate purposes. ($28.75M proceeds) |
62M | 41M |
| Aug 14, 2025 |
10-Q filing | 61.7M shares outstanding |
62M | 41M |
| Jul 21, 2025 |
8-K filing: Dragonfly Energy Holdings Corp. issued 2,100,000 shares of Common Stock to an Investor in exchange for the surrender of all outstanding shares of Series A Preferred Stock, satisfying obligations under the Securities Purchase Agreement. |
9.4M | 41M |
| Jun 24, 2025 |
8-K filing: Dragonfly Energy Holdings Corp. and the holder of its Series A Convertible Preferred Stock agreed to cancel the holder's warrants to purchase up to 4,000 shares of Series A Preferred Stock, resulting in the warrants no longer being outstanding. |
9.4M | 41M |
| May 16, 2025 |
10-Q filing | 9.4M shares outstanding |
9.4M | 41M |
| Apr 28, 2025 |
8-K filing: Dragonfly Energy Holdings Corp. increased the number of authorized shares of common stock from 250,000,000 to 400,000,000 and completed a second closing of a private placement, selling 450 shares of Series A Preferred Stock at $10,000 per share. ($4.5M proceeds) |
6.9M | 41M |
| Apr 07, 2025 |
S-1 filing: This S-1 filing relates to the resale or other disposition by the selling stockholder of up to 36,901,132 shares of common stock issuable upon the conversion of Series A Convertible Preferred Stock. |
6.9M | 41M |
| Mar 31, 2025 |
10-K filing | 6.9M shares outstanding |
6.9M | 4.4M |
| Feb 27, 2025 |
8-K filing: Dragonfly Energy Holdings Corp. entered into a securities purchase agreement for a registered direct offering and concurrent private placement of Series A Convertible Preferred Stock and warrants, expecting net proceeds of approximately $3.2 million for working capital and general corporate purposes. ($3.5M proceeds) |
7.3M | 4.4M |
| Feb 03, 2025 |
S-3 filing: This S-3 filing registers for resale 1,412,158 shares of Dragonfly Energy Holdings Corp. common stock issuable upon the exercise of outstanding warrants by the Selling Stockholders. |
7.3M | 4.4M |
| Jan 03, 2025 |
8-K filing: Dragonfly Energy Holdings Corp. issued penny warrants to purchase up to 350,000 shares of common stock at an exercise price of $0.01 per share in connection with the lenders' agreement to waive certain financial tests under the Loan Agreement for the quarter ended December 31, 2024. |
6.9M | 2.9M |
| Nov 22, 2024 |
Stock Split
8-K filing: Stock split 1-for-9 | Outstanding: 62,328,555 → 6,925,395 |
6.9M | 2.9M |
| Nov 14, 2024 |
10-Q filing | 62.3M shares outstanding |
62M | 26M |
| Oct 07, 2024 |
8-K filing: Dragonfly Energy Holdings Corp. entered into a limited waiver and third amendment to its Term Loan, Guarantee and Security Agreement with lenders, providing for a one-time issuance of penny warrants to purchase up to 3,000,000 shares of the Company's common stock at an exercise price of $0.01 per share. |
61M | 26M |
| Aug 14, 2024 |
10-Q filing | 60.7M shares outstanding |
61M | 26M |
| Jul 01, 2024 |
8-K filing: Dragonfly Energy Holdings Corp. issued penny warrants to purchase up to 2,100,000 shares of common stock at an exercise price of $0.01 per share to lenders in connection with an amendment to its Loan Agreement. |
61M | 26M |
| Jun 21, 2024 |
POS AM filing: This prospectus relates to the issuance by us of up to 11,131,900 shares of our common stock that may be issued from time to time upon the exercise of warrants previously issued by the Company to investors in our public offering that closed on June 22, 2023. |
61M | 26M |
| May 21, 2024 |
POS AM filing: This prospectus relates to the potential offer and resale of up to 21,512,027 shares of common stock by the selling stockholder, Chardan Capital Markets LLC, pursuant to an equity facility. |
60M | 44M |
| May 15, 2024 |
10-Q filing | 60.3M shares outstanding |
60M | 44M |
| Apr 16, 2024 |
10-K filing | 60.3M shares outstanding |
60M | 44M |
| Dec 29, 2023 |
8-K filing: Dragonfly Energy Holdings Corp. issued penny warrants to purchase up to 1,286,671 shares of common stock at an exercise price of $0.01 per share to lenders in exchange for waiving certain financial tests. |
59M | 44M |
| Nov 15, 2023 |
S-3 filing: Dragonfly Energy Holdings Corp. files an S-3 form for a shelf offering of common stock, preferred stock, debt securities, subscription rights, and units, with an aggregate offering price not to exceed $150,000,000. |
59M | 44M |
| Nov 14, 2023 |
10-Q filing | 58.7M shares outstanding |
59M | 31M |
| Sep 25, 2023 |
POS AM filing: This POS AM filing relates to the potential offer and resale of up to 21,512,027 shares of common stock by the selling stockholder, Chardan Capital Markets LLC, pursuant to an equity facility. |
59M | 31M |
| Aug 21, 2023 |
10-Q filing | 58.8M shares outstanding |
59M | 53M |
| Jun 21, 2023 |
8-K filing: Dragonfly Energy Holdings Corp. entered into an underwriting agreement to sell 10,000,000 shares of common stock and accompanying warrants at $2.00 per share and warrant, with an over-allotment option for an additional 1,500,000 shares and/or warrants, and will issue warrants to the Underwriters to purchase up to 500,000 shares. ($40.0M proceeds) |
46M | 53M |
| Jun 14, 2023 |
S-1/A filing: This S-1/A filing describes a proposed offering of common stock and warrants, with Roth Capital Partners, LLC acting as the underwriter. It includes both firm shares and warrants, as well as an option for the underwriters to purchase additional shares and warrants. The document also mentions an underwriter's warrant exercisable for common stock. |
46M | 53M |
| Jun 14, 2023 |
S-1/A filing: This is an S-1/A filing for an offering of 8,620,689 shares of common stock and warrants to purchase up to 8,620,689 shares of common stock, which are subject to completion. |
46M | 53M |
| Jun 12, 2023 |
S-1/A filing: The company is offering 7,168,458 shares of common stock at an assumed price of $2.79 per share. |
46M | 43M |
| Jun 05, 2023 |
S-1 filing: This is an S-1 filing for a common stock offering, subject to completion. The company's common stock is listed on the Nasdaq under the symbol 'DFLI'. |
46M | 36M |
| May 15, 2023 |
10-Q filing | 45.1M shares outstanding |
45M | 36M |
| May 02, 2023 |
POS AM filing: This is a POS AM filing for the resale of common stock and warrants by selling securityholders, and the issuance of common stock upon the exercise of warrants. |
46M | 36M |
| Apr 17, 2023 |
10-K filing | 45.8M shares outstanding |
46M | 91M |
| Dec 09, 2022 |
S-1/A filing: This prospectus relates to the potential offer and resale of up to 21,512,027 shares of common stock by the selling stockholder, Chardan Capital Markets LLC, under a purchase agreement where we may receive gross proceeds of up to $150 million from the sale of shares to CCM. |
3.2M | 91M |
| Dec 09, 2022 |
S-1/A filing: This S-1/A filing relates to the offer and sale of common stock and warrants by selling securityholders, as well as the issuance of common stock upon exercise of warrants. |
43M | 91M |
| Nov 14, 2022 |
10-Q filing | 3.2M shares outstanding |
3.2M | 110M |
| Nov 04, 2022 |
S-1 filing: This S-1 filing relates to the offer and sale of common stock and warrants by selling securityholders, as well as the issuance of common stock upon exercise of warrants, to satisfy certain registration rights. |
45M | 110M |
| Oct 21, 2022 |
S-1 filing: This S-1 filing relates to the potential offer and resale of up to 21,512,027 shares of common stock by the selling stockholder, Chardan Capital Markets LLC, with the company potentially receiving up to $150 million from the sale of shares to CCM under a purchase agreement. |
1M | 36M |
| Oct 11, 2022 |
8-K filing: Dragonfly Energy entered into a term loan agreement for $75 million, issued warrants to purchase common stock, and has access to a $150 million equity facility. They also amended their articles of incorporation and bylaws and adopted a revised code of ethics. |
1M | 14M |
| Oct 05, 2022 |
8-K filing: Chardan stockholders elected to redeem 2,071,910 shares of Chardan common stock, resulting in 1,021,438 shares of Chardan common stock remaining issued and outstanding. |
1M | 14M |
| Oct 03, 2022 |
8-K filing: Chardan NexTech Acquisition 2 Corp. reports that an assignee acquired 485,000 shares of Common Stock in the open market, reducing the number of shares to be purchased under a Subscription Agreement to 15,000 shares. |
3.2M | 14M |
| Sep 29, 2022 |
8-K filing: Dragonfly Energy Holdings Corp. entered into a Term Loan Agreement for a senior secured term loan facility in an aggregate principal amount of $75 million and will issue penny warrants to purchase 5.6% of Holdings' common stock on a fully diluted basis and warrants to purchase 1.6 million shares of Holding's common stock at $10 per share to the Initial Term Loan Lenders under the Term Loan. |
3.2M | 14M |
| Aug 15, 2022 |
10-Q filing | 3.2M shares outstanding |
3.2M | 14M |
| Jul 12, 2022 |
8-K filing: Dragonfly Energy Corp. entered into a Stock Purchase Agreement with THOR Industries, Inc. for $15 million in cash, with THOR purchasing 1,267,502 shares of Dragonfly common stock. ($15.0M proceeds) |
3.2M | 14M |
| May 16, 2022 |
8-K filing: Chardan NexTech Acquisition 2 Corp. entered into a merger agreement with Dragonfly Energy Corp., with provisions for issuing shares to existing holders of Dragonfly capital stock and pursuant to converted options, alongside PIPE investment, a senior secured term loan facility, and an equity facility, involving potential issuances of New Dragonfly common stock and warrants. ($5.0M proceeds) |
3.2M | 14M |
| May 16, 2022 |
10-Q filing | 3.2M shares outstanding |
3.2M | 14M |
| Mar 29, 2022 |
10-K filing | 3.2M shares outstanding |
3.2M | 14M |
| Nov 15, 2021 |
10-Q filing | 3.2M shares outstanding |
3.2M | 14M |
| Sep 23, 2021 |
10-Q filing | 3.2M shares outstanding |
3.2M | 14M |
| Aug 19, 2021 |
8-K filing: Chardan NexTech Acquisition 2 Corp. completed its IPO of 11,000,000 units at $10.00 per unit, a private placement of 4,361,456 warrants at $0.93 per warrant, an issuance of 1,650,000 Over-Allotment Option Units at $10.00 per unit, and a private sale of 266,402 Additional Private Warrants at $0.93 per warrant. ($130.8M proceeds) |
2.9M | 14M |
| Aug 13, 2021 |
8-K filing: Chardan NexTech Acquisition 2 Corp. consummated a private placement with Warrant Holdings of 4,361,456 warrants to purchase 4,361,456 shares of common stock at $0.93 per warrant, generating total proceeds of $4,052,000. ($4.05M proceeds) |
2.9M | 14M |
| Aug 05, 2021 |
S-1/A filing: Chardan NexTech Acquisition 2 Corp. is offering 10,000,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one share of common stock and three-quarters of one warrant; also offering 4,200,000 warrants in a private placement. |
2.9M | 14M |
| Aug 03, 2021 |
S-1/A filing: Chardan NexTech Acquisition 2 Corp. is offering 10,000,000 units at $10.00 per unit in an initial public offering. Each unit consists of one share of common stock and one-half of one warrant. They are also issuing 4,200,000 warrants at a price of $0.93 per warrant in a private placement. |
2.9M | 14M |
| Jul 23, 2021 |
S-1/A filing: This S-1/A filing relates to an initial public offering of units consisting of common stock and warrants of Chardan NexTech Acquisition 2 Corp., a blank check company, and a concurrent private placement of warrants. |
2.9M | 14M |
| Jul 14, 2021 |
S-1/A filing: Chardan NexTech Acquisition 2 Corp. is offering 10,000,000 units at an offering price of $10.00 per unit. Each unit consists of one share of common stock and one-half of one warrant. |
2.9M | 15M |
| Jun 04, 2021 |
S-1/A filing: Chardan NexTech Acquisition 2 Corp. is offering 10,000,000 units at $10.00 per unit, with each unit consisting of one share of common stock and one-half of one warrant. Additionally, Chardan NexTech 2 Warrant Holdings LLC will purchase 3,700,000 warrants at $0.65 per warrant. |
2.9M | 14M |
| Apr 09, 2021 |
S-1/A filing: Chardan NexTech Acquisition 2 Corp. is offering 10,000,000 units at $10.00 per unit, each unit consisting of one share of common stock and one-third of one warrant. Additionally, there is a private placement of 3,700,000 warrants at $0.65 per warrant. |
2.9M | 14M |
| Mar 10, 2021 |
S-1/A filing: Chardan NexTech Acquisition 2 Corp. is offering 10,000,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one share of common stock and one-third of one warrant; they intend to focus their search on disruptive technology companies that operate within the HealthTech and FinTech sectors. |
2.9M | 16M |
| Mar 08, 2021 |
S-1 filing: Chardan NexTech Acquisition 2 Corp. is offering 10,000,000 units at $10.00 per unit, each unit consisting of one share of common stock and one-third of one warrant, in an initial public offering. |
2.9M | 16M |