Why Dragonfly Energy Shares Are Plunging Today


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Dragonfly Energy Holdings Corp (NASDAQ:DFLI) has priced its underwritten public offering of 10 million shares and investor warrants to purchase up to an aggregate of 10 million shares.

Each share is being sold together with one investor warrant to purchase one share at a combined offering price of $2.00. 

The investor warrants have an exercise price of $2.00 per share, are immediately exercisable and will expire five years from the date of issuance.

Also, the company has granted the underwriters a 45-day option to purchase up to an additional 1.5 million shares and warrants to purchase up to 1.5 million shares.

The aggregate gross proceeds from the offering are expected to be approximately $20.0 million.

Dragonfly expects to use the net proceeds from the offering for working capital and general corporate purposes.

The offering is expected to close on or about June 22, 2023.

Price Action: DFLI shares are trading lower by 47.7% at $1.46 on the last check Tuesday.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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