Dragonfly Energy Buys Dakota Lithium Assets for $4M in Cash, Stock
RENO – October 29, 2026 -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has completed the $4.0 million acquisition of substantially all operating assets of the Dakota Lithium brand, which it expects to turn accretive to Adjusted EBITDA in the fourth quarter of 2026.
Dakota Lithium generated about $12 million in 2025 revenue despite supply constraints
Based on historical financial information provided to Dragonfly, Dakota Lithium booked approximately $12 million in net revenue in 2025. That was significantly below prior-year levels, as working-capital limitations and inventory constraints materially reduced product availability.
The acquired assets include the brand and related intellectual property, product inventory, a complementary battery portfolio, and customer and distributor relationships. The deal extends Dragonfly's reach across marine, outdoor recreation, powersports, golf cart and other specialty battery markets.