Dragonfly Energy gets Nasdaq extension to Dec. 31 to meet minimum equity requirement
DFLI•Nasdaq granted Dragonfly Energy until Dec. 31, 2026, to meet its minimum stockholders’ equity requirement. The company reported a $184,000 deficit at June 30, compared with the required $2.5 million minimum.
1. Nasdaq extension
Nasdaq granted Dragonfly Energy until Dec. 31, 2026, to restore compliance with its minimum stockholders’ equity requirement. An Aug. 20 deficiency notice cited a $184,000 stockholders’ deficit at June 30, against a $2.5 million minimum.
2. Compliance deadline
The company also did not meet alternative standards requiring $35 million in market value of listed securities or $500,000 in annual net income from continuing operations. It must furnish a publicly available report demonstrating compliance to the SEC and Nasdaq by the deadline; failure to meet the extension terms or show compliance in its Dec. 31 periodic report risks delisting, subject to appeal.
