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

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

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

Elon's $25 Trillion Confession - Ad

Bitcoin (CRYPTO: BTC) has a 52% chance of falling below $100,000 this month, according to data from prediction platform Polymarket.

From Spice Girl to fashion mogul, Victoria Beckham grabs the chance to tell her own tale

NEW YORK (AP) — Now here’s something you might not quite believe glam Spice Girl turned high-profile fashion designer: At theater school, they purposely put her in the back row. Because she was too heavy.

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.

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.

Dave Ramsey Doesn't Mess Around With Bitcoin Or Gold, Says 'I Have Three Investments' — Here's What They Are

Personal finance expert Dave Ramsey has long dismissed crypto, gold and single-stock investing, calling them risky distractions — but new research shows that his disciplined mutual fund approach may have cost him market-beating returns.

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.

Trump Pushes Israel To Stop 'Bombing' Gaza As Hamas Agrees To Free Hostages: 'Right Now, It's Far Too Dangerous To Do That'

President Donald Trump welcomed Hamas's response to his proposed Gaza ceasefire plan on Friday, immediately calling on Israel to halt military operations in the enclave

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.

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.

Trump Says He Wasn't Happy India Was Buying Russian Oil And Now Modi Has Agreed To Stop Doing It: 'Big Step'

President Donald Trump has said that Indian Prime Minister Narendra Modi has agreed to halt his country's purchase of Russian crude oil, a move that could have a significant impact on Moscow's ongoing war in Ukraine.

Mark Cuban Shares His Top Strategies for Protecting Wealth After Hitting Millionaire Status

Mark Cuban once disclosed his strategies for preserving wealth after becoming a millionaire. These insights could be beneficial for anyone aiming to secure their financial future.

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...

USA Rare Earth (USAR) Stock Is Rising Today: Here's Why

Shares of USA Rare Earth, Inc. (NASDAQ: USAR) are trading higher Monday amid a wave of optimism for rare earth materials companies.

US Baby Boomers Face Impending Homelessness Crisis, Warns Robert Kiyosaki: 'They Are Going To Be Wiped Out, Will Be Homeless'

The future of America's baby boomers is under threat, warns "Rich Dad, Poor Dad" author Robert Kiyosaki.

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.

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.”

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.

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.

Trump approves Alaska mining road to boost copper, zinc production

WASHINGTON (AP) — President Donald Trump on Monday ordered approval of a proposed 211-mile road through an Alaska wilderness to allow mining of copper, cobalt, gold and other minerals.

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.

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.

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.

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.

Slovak leader announces a deal with US on a new nuclear reactor

BRATISLAVA, Slovakia (AP) — Slovakia’s populist Prime Minister Robert Fico said Tuesday his government has approved an agreement with the United States to build an additional nuclear reactor.

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 .

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.

Tesla, Palantir JPMorgan And More — Here's Why Investors Couldn't Stop Talking About These Stocks This Week

Retail investors buzzed about five stocks this week, from Oct. 13 to Oct. 17 on X and Reddit's r/WallStreetBets: TSLA, RGTI, OKLO, JPM, PLTR

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?

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.

Two Delta jets damaged in 'low-speed collision' on LaGuardia taxiway, injuring 1

Two Delta Air Lines regional jets collided on the taxiway at LaGuardia Airport in New York, injuring a flight attendant, damaging a cockpit and tearing off part of a wing in what the airline described as a “low-speed collision.”

Trump Administration Withdraws Brian Quintenz's Nomination For CFTC Chair, Says President Prioritizes Making America 'Crypto Capital' Of The World

The Trump administration has pulled back the nomination of Brian Quintenz for the chair of the Commodity Futures Trading Commission, a White House official told Benzinga late Tuesday.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

Apple TV+ And Peacock Bundle Debuts This Month With 30% Off

Apple and NBCUniversal debut an Apple TV+–Peacock bundle on Oct. 20 with 30%+ savings, plus a 35% Apple One discount on Peacock Premium Plus.

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."

The Next Biggest Bull Run In Over 50 Years

The Next Biggest Bull Run In Over 50 Years - Ad

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.

Iridium, Qualcomm Integrate Satellite Services Into Snapdragon Radios To Boost Global Connectivity For US Government, Allies

This integration consolidates multiple Iridium services on a single chipset while meeting size and cost requirements.

This Makes NVIDIA Nervous

This Makes NVIDIA Nervous - Ad

Demand For Electric Pickup Trucks Soar In Q3, Except If You're Tesla

New data shows the top-selling EV brands and companies for the U.S. in the third quarter. Strong demand for electric pickup trucks benefits several companies.

Trending Now