Dragonfly Energy announces secondary stock offering, shares down

Dragonfly Energy Holdings

14/06/2023 11:54

** Dragonfly Energy Holdings Corp  DFLI.O  down 0.65% to
$3.08 premarket
    ** Co announces secondary sale of 8.62 mln shares for gross
proceeds of about $22.8 mln, also offers warrants 
    ** Offering price of $2.90/share at a discount of 6.45% to
stock's last close 
    ** Co says it intends to use net proceeds in a variety of
capital preservation investments including short-term,
investment-grade, interest-bearing instruments and U.S.
government securities
    ** Co's accumulated deficit as of March 31, 2023, was $22.2
mln
    ** YTD, shares of DFLI down nearly 74% 

 (Reporting by Pritam Biswas)
 ((Pritam.Biswas@thomsonreuters.com))