Dragonfly Energy Announces Pricing Of $20M Underwritten Public Offering Of 10M Shares Of Common Stock At A Price Of $2/Share
Portfolio Pulse from Happy Mohamed
Dragonfly Energy (NASDAQ: DFLI) has priced a $20 million underwritten public offering of 10 million shares of common stock at $2 per share, along with investor warrants. The offering is expected to close on June 22, 2023, and the proceeds will be used for working capital and general corporate purposes.
June 20, 2023 | 1:06 pm
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Dragonfly Energy's $20 million public offering of 10 million shares at $2 per share may dilute existing shareholders' value, but will provide the company with additional working capital.
The public offering will increase the number of outstanding shares, which may lead to share dilution for existing shareholders. However, the additional funds raised will provide the company with more working capital and resources for general corporate purposes, which could potentially benefit the company in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100