CNTQ - CNTQ STOCK NEWS

Chardan, a global investment bank, has launched its Chardan Equity Facility (ChEF), a new financing solution for public companies. The ChEF allows firms to raise equity periodically, bypassing traditional follow-on offerings. Senti Biosciences (SNTI) has secured a $50 million ChEF, while Dragonfly Energy (CNTQ) has announced a $150 million agreement. Chardan has raised over $30 billion for companies since its inception, including $10 billion for healthcare sectors, positioning itself as a vital partner for capital access in a challenging market.

Dragonfly Energy Corp. announced a fireside chat with IPO Edge on August 8, 2022, at 3 PM ET, featuring discussions on its business combination with Chardan NexTech Acquisition 2 Corp. (CNTQ). The chat will include insights from Dragonfly's CEO, Dr. Denis Phares, and CNTQ's CEO, Jonas Grossman, covering the advantages of lithium-ion technology, Dragonfly's unique capabilities, and the energy storage market. The merger, aimed at enhancing market presence, will facilitate Dragonfly's transition to a public company under the new ticker symbol DFLI by the second half of 2022.

Chardan NexTech Acquisition 2 Corp. (Nasdaq: CNTQ) announced a deposit increase to $200,000 into its Trust Account, aiming to extend the deadline for completing a business combination. This decision follows a merger agreement with Dragonfly Energy Corp., a leader in lithium-ion battery manufacturing, expected to close in H2 2022. This amended arrangement allows for up to three extensions, each lasting one month. Investors are encouraged to review the Definitive Proxy Statement and related SEC filings for details on the proposed transaction.

Chardan NexTech (Nasdaq: CNTQ) has scheduled a special meeting of shareholders for August 5, 2022, at 10:00 A.M. ET to vote on amendments to its charter. Stockholders as of July 11, 2022, can participate. This follows a merger agreement with Dragonfly Energy Corp, a leading manufacturer of lithium-ion batteries, with the transaction expected to close in H2 2022. Stockholders are encouraged to vote promptly, and Morrow Sodali LLC has been engaged as a proxy solicitor to assist with the voting process.

Dragonfly Energy Corp. announced the posting of a presentation by CEO Dr. Denis Phares at TEDxReno, focusing on the critical need for energy storage solutions. The company emphasizes its deep cycle lithium-ion batteries as eco-friendly alternatives to lead-acid batteries. Phares highlighted the importance of Dragonfly's All-Solid-State-Battery technology in addressing future energy challenges. The company is preparing for a business combination with Chardan NexTech Acquisition 2 Corp. (CNTQ), aiming for Nasdaq listing under the new ticker symbol DFLI in late 2022.

Dragonfly Energy Corp., a leader in lithium-ion battery manufacturing, and Chardan NexTech Acquisition 2 Corp. (CNTQ) announced a Virtual Analyst & Investor Day on August 5, 2022, at 11:00 am EDT. Executives will discuss Dragonfly's innovative technologies, including next-generation solid-state batteries. Registration is required for participation. Following a merger agreement on May 15, 2022, the combined company is expected to list on Nasdaq as DFLI in the second half of 2022, pending shareholder approval and regulatory conditions.

Chardan NexTech Acquisition 2 Corp. (CNTQ) has filed a registration statement on Form S-4 with the SEC, detailing its proposed business combination with Dragonfly Energy Corp., scheduled for H2 2022. Dragonfly reported net sales of $18.3 million for Q1 2022, a 17% increase year-over-year. The merger aims to enhance market presence in energy storage solutions, with Dragonfly's lithium-ion batteries set to replace lead-acid alternatives across multiple sectors. The transaction awaits shareholder approval and adherence to customary closing conditions.

Dragonfly Energy has finalized a business combination with Chardan NexTech Acquisition 2 Corp. (Nasdaq: CNTQ), leading to its IPO under the ticker DFLI. Dragonfly reported $78 million in 2021 revenue and an 80% CAGR since 2018. The combined entity is valued at approximately $500 million, with funding sources including $128 million in cash, a $75 million term loan, and a $150 million equity facility. The firm plans to use these funds to enhance market penetration and commercialize its All-Solid-State Battery technology, aiming to reduce dependence on the power grid.

Chardan NexTech Acquisition 2 Corp. announced that starting August 24, 2021, investors can separately trade common stock and warrants from the units sold in its IPO. The common stock will trade under the ticker CNTQ, while warrants will trade under CNTQW. Units not separated will continue to trade as CNTQU. This move facilitates greater flexibility for investors and enhances market activity around the stock.