Dragonfly Energy Holdings Corp. has filed an 8-K with the SEC, detailing a significant corporate action: a 1-for-8 reverse stock split of its common stock. This move is crucial for investors and stakeholders as it aims to increase the company's stock price above $1.00 per share, a requirement for maintaining its listing on the Nasdaq Capital Market.

The filing, dated October 8, 2026, under accession number 0001493152-26-046260, highlights that the reverse stock split will take effect at 12:01 a.m. Pacific Time on October 12, 2026. After this date, Dragonfly's common stock will trade on a reverse split-adjusted basis under the existing trading symbol "DFLI." This action is part of the company's strategy to comply with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price for continued listing.

Background on Dragonfly Energy Holdings Corp.

Dragonfly Energy Holdings Corp. is a Nevada-based company specializing in the manufacturing of energy storage solutions. The company is recognized for its innovative technology in the electrical machinery and equipment sector. The 8-K form is a current report that companies must file with the SEC to announce major events that shareholders should know about, such as significant corporate changes or financial developments.

Details of the Filing

According to the filing, the Board of Directors approved the reverse stock split to enhance the closing bid price of the company's common stock. The filing states:

"The Reverse Stock Split is intended to increase the closing bid price of the Company’s Common Stock above $1.00 per share."

Additionally, the filing outlines the mechanics of the reverse stock split:

"On the Effective Date, the total number of shares of the Company’s Common Stock held by each record stockholder will be automatically converted into the number of whole shares of Common Stock equal to (i) the number of issued and outstanding shares of Common Stock held by such stockholder immediately prior to the Reverse Stock Split, divided by (ii) eight (8)."

Importantly, no fractional shares will be issued. Instead, stockholders who would receive fractional shares will receive one whole share of post-reverse stock split common stock.

Impact of the Reverse Stock Split

This reverse stock split may significantly impact existing shareholders and potential investors. Current shareholders will see their number of shares reduced, but the overall value of their holdings should remain the same, assuming the stock price rises as intended. The move is particularly important for investors who are concerned about the company's compliance with Nasdaq listing requirements, which can affect the company's visibility and attractiveness to institutional investors.

What’s Next?

The filing does not say what happens next. However, shareholders will need to monitor the stock's performance following the reverse split to assess its impact. The company will continue to operate under its existing trading symbol, "DFLI," and the new CUSIP number for common stock will be 26145B 601.

Overall, this strategic decision by Dragonfly Energy Holdings Corp. reflects its commitment to maintaining compliance with stock exchange regulations and enhancing shareholder value.