Dragonfly Energy acquires Dakota Lithium assets for $4 million

Reuters2026/07/31 11:30

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Dragonfly Energy completed the acquisition of substantially all operating assets tied to the Dakota Lithium brand.
Purchase price totaled $4 million, including $1 million cash; remaining consideration paid in common stock valued at $2 per share.
Dakota Lithium generated about $12 million net revenue in 2025; results were constrained by working-capital and inventory shortages.
Transaction targets specialty battery markets; Dakota Lithium to operate as a separate brand alongside Battle Born Batteries.
Management expects meaningful revenue contribution, EBITDA accretion in Q4 2026; lender amendments allow near-term interest paid in kind.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dragonfly Energy Holdings Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607310730PRIMZONEFULLFEED9801011) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Dragonfly Energy acquires Dakota Lithium assets for $4 million

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