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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.