May 16 (Reuters) - Chardan Nextech Acquisition 2 Corp
:
* DRAGONFLY ENERGY, A LEADING ENERGY STORAGE COMPANY, TO PUBLICLY LIST ON NASDAQ THROUGH BUSINESS COMBINATION WITH CHARDAN NEXTECH ACQUISITION 2 CORP.
* CHARDAN NEXTECH ACQUISITION 2 CORP - PRO FORMA ENTERPRISE VALUE OF COMBINED COMPANY IS EXPECTED TO BE APPROXIMATELY $500 MILLION
* CHARDAN NEXTECH ACQUISITION 2 CORP - ALL DRAGONFLY SHAREHOLDERS WILL ROLL 100% OF THEIR EQUITY HOLDINGS INTO NEW COMBINED COMPANY
* CHARDAN NEXTECH ACQUISITION 2 - COMBINED COMPANY WILL BE RENAMED DRAGONFLY ENERGY, IS EXPECTED TO BE LISTED ON NASDAQ UNDER NEW TICKER SYMBOL "DFLI."
* CHARDAN NEXTECH ACQUISITION 2 CORP - TRANSACTION IS FURTHER SUPPORTED BY A $150 MILLION CHARDAN EQUITY FACILITY
* CHARDAN NEXTECH ACQUISITION 2 CORP - FUNDING TO SUPPORT BUSINESS COMBINATION INCLUDES $128 MILLION CASH FROM TRUST
* CHARDAN NEXTECH ACQUISITION 2 CORP - DRAGONFLY CHAIRMAN & CEO, DENIS PHARES, CURRENT MANAGEMENT TEAM ARE EXPECTED TO CONTINUE TO LEAD COMBINED COMPANY
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