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COMMON STOCK
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
COMMON STOCK

Note 10 - COMMON STOCK

 

Common stockholders are entitled to dividends if and when declared by the Board of Directors subject to the rights of the preferred stockholders. No dividends on common stock have been declared by the Company.

 

On January 30, 2026, the Company entered into an Equity Distribution Agreement with Canaccord Genuity LLC, as lead agent and representative of the other sales agents, establishing an at-the-market offering program under which the Company may, from time to time and at its discretion, offer and sell up to $50 million of its common stock. The Company is not obligated to sell any shares under the program and retains sole discretion over the timing, amount, pricing, and other terms of any sales effected through the lead agent. The program is intended to provide the Company with a flexible source of capital to support its liquidity needs and is subject to customary closing conditions, a 3% sales commission and reimbursement of specified expenses payable to the agents, and customary indemnification and contribution provisions. As of June 30, 2026, the Company sold 411,100 shares of common stock for net proceeds of $829.

 

For the six months ended June 30, 2026 and 2025, the Company had reserved shares of common stock for issuance as follows:

  

   June 30,
2026		   June 30,
2025		 
Options issued and outstanding   128,025    15,825 
Common stock outstanding   13,353,812    3,742,638 
Warrants outstanding   251,401    425,616 
Earnout shares   277,778    277,778 
Series A Preferred Stock outstanding   -    231,784 
Shares available for future issuance   928,596    118,925 
Total   14,939,612    4,812,566 

 

 

Dragonfly Energy Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements

(in thousands, except share and per share data)