Dragonfly Energy Collaborates with Awaken RV to Energize Future Fiberglass Travel Trailers
New RV Manufacturer Launch: Awaken RV, founded by Scott Hubble, has launched its first lineup of molded fiberglass trailers featuring Battle Born Batteries® as standard equipment.
Partnership with Dragonfly Energy: The collaboration with Dragonfly Energy aims to provide reliable lithium power for off-grid RV travel, enhancing the modern RV experience.
Innovative Trailer Features: Awaken RV's trailers boast a sleek design, large windows, and practical interiors, including residential-style refrigerators and dry baths, catering to contemporary customer preferences.
Focus on Off-Grid Capability: The trailers are designed for off-grid flexibility, equipped with lithium batteries and solar compatibility to meet the growing demand among RV owners for adventure-ready solutions.
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Management Insights: Dragonfly Energy reported a 26% year-over-year revenue growth to $16 million in Q3 2025, with significant improvements in gross margin and a successful debt restructuring that enhanced liquidity and financial stability.
OEM Partnerships and Growth: The company expanded its OEM partnerships in the RV and heavy-duty trucking markets, with notable collaborations that position its products as standard solutions, indicating strong momentum in these sectors.
Financial Performance and Outlook: Despite a net loss of $11.1 million, the company anticipates approximately $13 million in net sales for Q4 2025, while acknowledging macroeconomic challenges and a cautious outlook for the near term.
Risks and Strategic Focus: Management highlighted risks from macroeconomic uncertainties and government shutdown impacts, while emphasizing a strategic focus on OEM expansion and leveraging a strengthened balance sheet to drive growth initiatives.
Compliance with Nasdaq Requirements: Dragonfly Energy Holdings Corp. has regained compliance with Nasdaq's minimum bid price and market value requirements, ensuring its continued listing on the Nasdaq Capital Market.
Mandatory Panel Monitor: The company will remain under a Mandatory Panel Monitor for one year, which could lead to a Delist Determination Letter if compliance is not maintained.
Company Overview: Dragonfly Energy specializes in lithium battery technology, focusing on cell manufacturing and battery pack assembly, with a mission to advance clean energy through innovative battery solutions.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's future compliance and business expectations, cautioning investors about potential risks and uncertainties.

Public Offering Announcement: Dragonfly Energy Holdings Corp. has initiated an underwritten public offering of its common stock and pre-funded warrants, with a potential additional 15% of securities available for purchase by the underwriter.
Use of Proceeds: The company plans to utilize the net proceeds for working capital, restructuring $45 million of debt, and investing in next-generation battery technologies, including solid-state batteries.
Preliminary Financial Results: Dragonfly Energy Holdings Corp. reported preliminary third quarter 2025 net sales of $16.0 million, exceeding guidance and representing a 26% year-over-year growth, while Adjusted EBITDA loss improved to $(2.2) million.
Management Commentary: CEO Dr. Denis Phares highlighted the company's focus on revenue growth and strategic actions, including a recent equity raise, aimed at enhancing financial flexibility and positioning for sustained growth and profitability.

Collaboration and Whitepaper Release: Dragonfly Energy Holdings Corp. has partnered with PACCAR Inc. to publish a whitepaper titled "Reducing Idle Time & Fuel Costs: Lithium Powered Solutions for Commercial Fleets," which evaluates lithium-powered idle-reduction technologies compared to traditional diesel and AGM systems.
Key Findings and Benefits: The whitepaper highlights significant fuel and cost savings, improved driver comfort and safety, enhanced fleet reliability, and proven performance through rigorous testing, emphasizing the advantages of lithium-powered solutions for commercial fleets.

Funding Announcement: Dragonfly Energy has been selected for first-round funding by Nevada Tech Hub, aimed at enhancing lithium battery manufacturing and workforce development, with a contract nearing finalization.
Project Goals: The funding, approximately $300,000, will support modernization of production systems and workforce training initiatives, potentially leading to significant cost savings and job creation in Nevada's battery industry.



