Dragonfly Energy Announces Strategic Acquisition of Dakota Lithium Assets, Expanding Into New Markets
Acquisition expands Dragonfly Energy’s reach across marine, outdoor recreation, powersports, golf cart and other specialty battery marketsDakota Lithium generated approximately $12 million in net revenue in 2025 despite working-capital and inventory constraints that significantly limited product availabilityExpected to begin contributing meaningful revenue and be accretive to Adjusted EBITDA in the fourth quarter of 2026$4 million purchase price includes $1 million in cash, with the remaining consideration paid in Dragonfly Energy common stock valued at $2.00 per share, a premium to recent trading levelsConcurrent lender amendments provide additional financial flexibility RENO, Nev., July
