Dragonfly energy announces exchange of remaining outstanding shares of series a convertible preferred stock

Reno, nev., july 21, 2025 (globe newswire) -- dragonfly energy holdings corp. (“dragonfly energy” or the “company”) (nasdaq: dfli), an industry leader in energy storage and battery technology, today announced that it has entered into a settlement and mutual release agreement (the “agreement”) with the holder of its series a convertible preferred stock, par value $0.0001 per share (the “series a preferred stock”), eliminating all outstanding shares of the series a preferred stock and associated common stock issuance obligations. under the terms of the agreement, dragonfly energy will issue 2,100,000 shares of the company's common stock, par value $0.0001 per share, in exchange for the surrender of all outstanding shares of series a preferred stock.
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