Dragonfly Energy Holdings Corp.: 1-for-8 reverse stock split

What happened

• Dragonfly Energy Holdings Corp. filed a Current Report on Form 8-K stating that its board approved a reverse stock split of the company’s common stock at a ratio of 1-for-8, effective at 12:01 a.m., Pacific Time, on Oct 12, 2026. The company filed a Certificate of Change with the Nevada Secretary of State on Oct 7, 2026 to effectuate the Reverse Stock Split and said the common stock will trade on Nasdaq on a reverse split-adjusted basis under the existing symbol “DFLI” on Oct 12, 2026.

Key details

• CUSIP number for the common stock will change to 26145B 601.
• Authorized common shares reduced from 400,000,000 to 50,000,000; par value remains $0.0001 per share.
• No fractional shares will be issued; holders who otherwise would receive a fractional share will receive one whole post-split share. Equiniti Trust Company, LLC is the transfer and exchange agent.
• Proportionate adjustments will be made to outstanding equity awards, warrants (each warrant will become exercisable for one eighth of a share), and the conversion factor for outstanding convertible preferred stock. The filing cites Nasdaq Listing Rule 5550(a)(2) as a reason for the Reverse Stock Split.

Why it may matter

• This report was filed as Item 3.03 (material modification to rights of security holders) and Item 5.03 (amendments to articles of incorporation or bylaws) to reflect the 1-for-8 Reverse Stock Split and related changes described above. A filing does not show why the insider traded or why the company acted.