Why Did Dragonfly Energy Shares Jump Over 6% After Hours?

Mohd Haider

October 16, 2025

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) saw its stock climb 6.73% in after-hours trading on Thursday, reaching $1.42.

Check out the current price of DFLI stock here.

The American lithium battery technology company announced the pricing of an underwritten public offering of 36 million shares of common stock at $1.35 each, along with pre-funded warrants for up to 5 million shares at $1.3499 per warrant.

The offering is expected to generate roughly $55.4 million in gross proceeds before deducting underwriting discounts and commissions.

Q3 Sales Growth Precedes Offering

Dragonfly Energy Holdings also reported its preliminary third-quarter net sales of $16.0 million on Monday, representing 26% year-over-year growth.

See Also: Interactive Brokers Q3 Earnings Call Transcript

Debt Prepayment Plans Outlined

Dragonfly Energy intends to use the net proceeds from the offering to prepay $45 million in outstanding debt under its term loan agreement as part of a proposed debt restructuring, according to a press release issued by the company on Thursday.

Canaccord Genuity (TSE: CF) is acting as the sole bookrunner, while Roth Capital Partners is serving as co-manager.

The offering is expected to close on Friday.

Capital Allocation Plans

Additional proceeds will be used for working capital and general corporate purposes, including investments aimed at boosting near-term revenue and advancing next-generation battery technologies.

These efforts include scaling the dry electrode process and developing solid-state battery applications. The underwriters have a 30-day option to purchase up to 6.15 million additional shares.

Patent Allowance Received

Dragonfly Energy Holdings also announced Wednesday that the U.S. Patent and Trademark Office (USPTO) has issued a Notice of Allowance for a patent application tied to its Dragonfly IntelLigence battery communication technology.

CEO Dr. Denis Phares stated the patent “represents a major step forward in connected battery technology.”

Stock Performance

The Nevada-based company has seen a year-to-date loss of 52.16%, despite gaining 114.52% over the past six months. The stock has traded between $0.15 and $5.78 over the past 52 weeks. The company currently has a market capitalization of $112.79 million, with an average daily trading volume of about 57.28 million shares.

Price Action: DFLI closed at $1.33 on Thursday, down 32.49% for the day, according to Benzinga Pro data.

With a strong Momentum in the 88th percentile, Benzinga’s Edge Stock Rankings indicate that DFLI has a positive price trend across all time frames. Know how its momentum lines up with other well-known names.

Read Next:

Newsmax Stock Pops As Company Plans To Buy Bitcoin, Trump Coin

Photo courtesy: jira pliankharom on Shutterstock.com

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Recommended

November 18: D-Day For The Dollar - Ad

On October 16, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

Tesla's $30 Trillion Pivot (Nov 6 Deadline) - Ad

Trump defends strike on drug sub, says it targeted fentanyl-laden vessel heading to US. Two survivors were rescued.

China Accuses US Of Cyberattacks On National Time Center, Warns Of Threats To Financial Systems, Power Grid

China has accused the U.S. of long-running cyberattacks targeting its national timekeeping center, escalating tensions between the two countries.

Why Are Wall Street Insiders Moving Their Money to This One Asset?

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

Trump Commutes Former Rep. George Santos' Seven-Year Prison Term: '... Has Been Horribly Mistreated'

President Donald Trump announced on Friday that he commuted the prison sentence of former congressman George Santos (R-N.Y.), ordering his immediate release.

Cathie Wood Warns Wall Street Is Missing AI's Biggest Opportunity In Healthcare, Calling It 'Sleeper' Investment Poised For Massive Returns

Cathie Wood, CEO of Ark Invest, believes healthcare is the most profound application of AI and Wall Street is overlooking its potential.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

OpenAI's ChatGPT To Allow Erotica For Adults: Not 'Moral Police Of The World,' Sam Altman Says

OpenAI will begin allowing erotica and adult-themed content on ChatGPT, marking a major shift in the company's content policy.

During troubled times in news industry, 168-year-old Atlantic thrives with newspaper-magazine hybrid

NEW YORK (AP) — Jeffrey Goldberg, editor-in-chief of The Atlantic magazine, isn't modest in his goals. “We want The Atlantic to be the greatest writer's collective on the planet,” he said in a recent interview.

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Why Is BTQ Technologies Stock Up Today?

Shares of BTQ Technologies Corp. (NASDAQ:BTQ) are rising Thursday after the company announced that it reached a significant technological milestone.

Bitcoin Steadies Above $110,000 As Ethereum, XRP, Dogecoin Slip On Thursday

Bitcoin is holding steady around $110,000 despite $94 million in net outflows from spot BTC ETFs on Wednesday.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Magnolia Oil & Gas Gets Upgrade On Strong Finances, Brighter Oil Outlook

KeyBanc raised Magnolia Oil & Gas to Overweight with a $29 target, citing a defensive profile and disciplined growth outlook.

US takes a minority stake company operating one of world's largest lithium mines in Nevada

The U.S. government is taking a minority stake in Lithium Americas, a company that is developing one of the world’s in northern Nevada.

This Makes NVIDIA Nervous

This Makes NVIDIA Nervous - Ad

NVIDIA's AI chips use huge amounts of power. But a new chip could cut energy use by 99% and run 10 million times more efficiently. One U.S. company has cornered this market. They control the first commercial foundry in America. At under $20 a share, it's a ground-floor shot at the next tech giant.

Journalists turn in access badges, exit Pentagon rather than agree to new reporting rules

WASHINGTON (AP) — Dozens of reporters turned in access badges and exited the Pentagon on Wednesday rather than agree to government-imposed , pushing journalists who cover the American military further from the seat of its power. The U.S. government has called the new rules “common sense.”

Short Squeeze in Silver and Rare Earths, Taco Traders Euphoric, Trump Seeks Diplomatic Path

To gain an edge, this is what you need to know today.

The Next Biggest Bull Run In Over 50 Years

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Macron is set to appoint a new French prime minister in last-ditch move to tackle turmoil

PARIS (AP) — After a week of intense political turmoil, French President is set to appoint a new prime minister Friday in his latest bid to break the political deadlock that has gripped the country for more than a year, as France struggles with mounting economic challenges and ballooning debt.

Federal government to withhold $40M from California for not enforcing trucker English requirements

Transportation Secretary Sean Duffy said Wednesday he will withhold $40 million from California because it is the only state that is failing to enforce English language requirements for truckers.

Oct 23: The Day Elon Changes Everything

Oct 23: The Day Elon Changes Everything - Ad

Mark your calendar: October 23, 2025. That's the date I believe Elon Musk could finally unveil his Optimus robot - the same project he says will be "the biggest product ever of any kind." If Elon is right, this could be a $30 trillion tipping point...And regular investors have a rare window to move before the switch flips.

Pakistan and IMF reach preliminary deal to release $1.2 billion from bailout package

ISLAMABAD (AP) — Pakistan and the International Monetary Fund have reached a staff-level agreement for the release of $1.2 billion from the bailout package approved last year.

Trump's immigration crackdown weighs heavy on the US labor market

Maria worked cleaning schools in Florida for $13 an hour. Every two weeks, she’d get a $900 paycheck from her employer, a contractor. Not much — but enough to cover rent in the house that she and her 11-year-old son share with five families, plus electricity, a cellphone and groceries.

November 18: D-Day For The Dollar

November 18: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

Tesla Diner Served 50,000 Burgers Last Quarter, While The Company Saved 842 Million Liters Of Gas

Tesla shares stats of its Supercharger locations and its Tesla Diner for the third quarter. A look at some of the surprises and daily rates.

New study adds to the possibility of favorable conditions for life at Saturn's moon Enceladus

CAPE CANAVERAL, Fla. (AP) — Scientists have uncovered new types of organics in icy geysers spouting from , bolstering the likelihood that the may harbor conditions suitable for life.

On October 16, a powerful new law signed by President Trump will trigger a radical shift in America's money system...

On October 16, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

When a small group of private companies - not the Fed - will perform a major mint of a new kind of money. And those who act before this new system fully kicks in could see gains as high as 40X by 2032. But those who fail to prepare will be blindsided by this sea change to the U.S. dollar.

Trump administration puts on hold $18 billion in funding for New York City infrastructure projects

WASHINGTON (AP) — President Donald Trump's administration said Wednesday it was putting a hold on roughly $18 billion to fund beneath the Hudson River between New York City and New Jersey and the city's expanded project because of .

Fendi names Maria Grazia Chiuri as creative director of the Italian fashion house

MILAN (AP) — on Tuesday named as its new creative director, replacing , who stepped aside last month to become honorary president of the fashion house founded by her grandparents and now owned by the French luxury conglomerate LVMH.

Tesla's $30 Trillion Pivot (Nov 6 Deadline)

Tesla's $30 Trillion Pivot (Nov 6 Deadline) - Ad

Get ready for the biggest pivot in corporate history. Tesla insiders are preparing for a dramatic new product launch - not driverless cars - that could change everything. You're running out of time to prepare.

Is college worth the cost? Universities work to show the return on investment of a degree

WASHINGTON (AP) — For a generation of young Americans, choosing where to go to college — or — has become a complex calculation of costs and benefits that often revolves around a single question: Is the degree worth its price?

Trump Reportedly Rebuffs Ukraine Missile Appeal After Putin Call: 'Time To Stop...'

President Donald Trump declined to supply Ukraine with Tomahawk missiles after a tense meeting with Ukrainian President Volodymyr Zelensky at the White House on Friday, according to a report.

Why Are Wall Street Insiders Moving Their Money to This One Asset?

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

The government shutdown is putting a renewed spotlight on the cracks in the US aviation system

A startling message came over the radio from an air traffic control tower near Los Angeles less than a week into the federal government shutdown: “The tower is closed due to staffing."

Ontario premier criticizes Trump after Stellantis says it will move production from Canada to the US

TORONTO (AP) — The leader of Canada's most populous province called for economic retaliation on the U.S. after auto company Stellantis said it was moving planned production of its Jeep Compass from Canada to the U.S.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Eli Lilly's Oral Weight Loss Drug Shows Superiority Over Two Approved Drugs

Orforglipron meets key endpoints in Phase 3 trials, showing A1C reduction, weight loss, and cardiovascular benefits for type 2 diabetes.

Cracker Barrel Co-Founder Blasts CEO For $700 Million Rebranding Failure And Knowing 'Very Little' About Brand's Roots: 'Taco Bell Is Not...'

The co-founder of Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL), Tommy Lowe, has publicly criticized the company's CEO, Julie Felss Masino, for being disconnected from the brand's core values and its loyal customer base.

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

Retail Investors Gain Access To Private Credit Market Via This New ETF

Simplify Asset Management and VettaFi have introduced a new exchange-traded fund (ETF) that enables retail investors to tap into the rapidly growing private credit market.

Trending Now