Dragonfly Energy Holdings Entered A&rR Purchase Deal With Chardan Capital Markets For $150M Equity Facility To Sell Shares Of Co's Common Stock
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy Holdings has entered into an amended and restated purchase agreement with Chardan Capital Markets for a $150 million equity facility to sell shares of the company's common stock, according to an SEC filing.
May 20, 2024 | 8:35 pm
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Dragonfly Energy Holdings has entered into a $150 million equity facility agreement with Chardan Capital Markets to sell shares of its common stock. This move could provide the company with significant capital but may also lead to stock dilution.
The $150 million equity facility provides Dragonfly Energy Holdings with access to significant capital, which can be positive for growth and operations. However, the issuance of new shares could dilute existing shareholders' value, leading to a neutral short-term impact on the stock price.
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