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Dragonfly Energy acquires Dakota Lithium assets

PUBLIC · DFLIJul 31, 2026•9 days ago

Acquiring Company

Dragonfly Energy Holdings Corp

Acquired Company

Dakota Lithium

RenoManufacturingEnergyRenewable EnergySolarEnergy StorageManufacturing

Description

Dragonfly Energy has completed the acquisition of substantially all operating assets of Dakota Lithium for $4 million. This strategic move will enhance Dragonfly Energy's reach across various battery markets and is expected to contribute to revenue in the fourth quarter of 2026. The acquisition includes the Dakota Lithium brand and related intellectual property, product inventory, and established customer relationships.

Company Information

Company

Dragonfly Energy Holdings Corp

Location

Reno, Nevada, United States

About

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a leading supplier of deep cycle lithium-ion batteries. Dragonfly Energy’s research and development initiatives are revolutionizing the energy storage industry through innovative technologies and manufacturing processes. Today, Dragonfly Energy’s non-toxic deep cycle lithium-ion batteries are displacing lead-acid batteries across a wide range of end-markets, including RVs, marine vessels, off-grid installations, and other storage applications. Dragonfly Energy is also focused on delivering an energy storage solution to enable a more sustainable and reliable smart grid through the future deployment of its proprietary and patented solid-state cell technology. To learn more, visit www.dragonflyenergy.com/investors.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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