On February 26, 2025, Dragonfly Energy Holdings Corp. entered into a securities purchase agreement to sell 350 shares of Series A Convertible Preferred Stock at $10,000 each, raising approximately $3.2 million, with additional shares contingent on stockholder approval. The preferred stock is convertible into common stock at a price of $2.332 per share, with a floor price of $1.00, and includes warrants for further equity.