Dragonfly Energy Moves to Regain Nasdaq Compliance with 1-for-8 Reverse Split

summarizeSummary

Dragonfly Energy approved a 1-for-8 reverse stock split effective October 12, 2026, to lift its share price above the $1.00 Nasdaq minimum bid requirement and avoid delisting.

check_boxKey Events · Corporate Governance and Compliance · DFLI

• 1-for-8 Reverse Stock Split Approved

  The board approved a 1-for-8 reverse split effective October 12, 2026, reducing each stockholder's share count by a factor of eight.

• Nasdaq Compliance Push

  The reverse split is intended to raise the closing bid price above $1.00 per share to satisfy Nasdaq Listing Rule 5550(a)(2), following an August 2026 delisting notice for failing the minimum stockholders' equity requirement.

• Authorized Shares Reduced

  Authorized common shares will drop from 400,000,000 to 50,000,000; preferred stock authorization remains at 5,000,000 shares.

• Effective Date and Mechanics

  The split becomes effective at 12:01 a.m. Pacific Time on October 12, 2026; no fractional shares will be issued — fractional holders will be rounded up to one whole share.

auto_awesomeAnalysis · DFLI · Manufacturing

To push its share price back above the $1.00 Nasdaq minimum bid requirement, Dragonfly Energy is executing a 1-for-8 reverse stock split effective October 12, 2026. The company received a delisting notice in August 2026 for failing the minimum stockholders' equity requirement, and this reverse split is a direct response to the listing pressure. The split reduces authorized shares from 400 million to 50 million, and each stockholder's share count will be divided by eight. This is a survival move — the company is fighting to stay listed on Nasdaq, and the reverse split is the primary tool available to fix the bid price deficiency.