The Deal: Chardan Brings Revenue-Generating Dragonfly Public

October 18, 2022

Dragonfly Energy Corp., an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, has gone public as a result of its business combination with Chardan NexTech Acquisition 2 Corp. Based in Reno, Nevada, Dragonfly is estimated to generate US$12 million in Ebitda this year and US$41 million in 2023. Financing for the merger closed on Oct. 10. O’Melveny & Myers LLP serves as legal advisor to Dragonfly.

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