Dragonfly Energy Holdings Corp. 8-K

What Happened
Dragonfly Energy Holdings Corp. announced on January 30, 2026 that it entered into an Equity Distribution Agreement with Canaccord Genuity LLC (as lead agent) to offer and sell, from time to time, up to $50.0 million of its common stock through an "at-the-market" (ATM) program. The company is not obligated to sell any shares under the agreement; sales will be made based on company instructions and subject to customary conditions. The offering will be made under the company’s effective Form S-3 registration statement (File No. 333-275559), with a prospectus supplement filed January 30, 2026.

Key Details

• Agreement date: January 30, 2026; Lead Agent: Canaccord Genuity LLC.
• Maximum amount: up to $50.0 million of common stock offered and sold from time to time.
• Agent fee: the company will pay a commission equal to 3.0% of aggregate gross proceeds on each sale.
• Sales method: sales may be made as an "at the market offering" under Rule 415(a)(4); sales subject to customary closing conditions, indemnification and expense reimbursement provisions.

Why It Matters
This ATM facility gives Dragonfly Energy a flexible way to raise capital over time without a single large offering. If and when shares are sold under the program, it will increase the number of outstanding shares and dilute existing shareholders; proceeds will be reduced by the 3.0% commission and any reimbursed expenses. Because the company is not required to sell shares, there is no immediate dilution or proceeds — any impact depends on future decisions to execute sales under this agreement.