Dragonfly Energy Holdings Corp. has announced a regulatory issue regarding its continued listing on The Nasdaq Capital Market. On June 11, 2025, the company received a staff determination letter from Nasdaq, highlighting non-compliance with the Nasdaq Listing Rule 5550(b)(2), which mandates a minimum Market Value of Listed Securities (MVLS) of $35 million. This non-compliance, which persisted for 30 consecutive business days, adds to other listing deficiencies. As a result, Dragonfly has requested a hearing with the Nasdaq Hearings Panel scheduled for June 24, 2025, to address these issues. In the meantime, the company's common stock and redeemable warrants will continue to trade under the symbols "DFLI" and "DFLIW," respectively, as long as other Nasdaq listing requirements are met.
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