- Acquisitio expa ds D ago fly E e gy’s each ac oss ma i e, outdoo ec eatio , powe spo ts, golf ca t a d othe specialty batte y ma kets
- Dakota Lithium ge e ated app oximately $12 millio i et eve ue i 2025 despite wo ki g-capital a d i ve to y co st ai ts that sig ifica tly limited p oduct availability
- Expected to begi co t ibuti g mea i gful eve ue a d be acc etive to Adjusted EBITDA i the fou th qua te of 2026
- $4 millio pu chase p ice i cludes $1 millio i cash, with the emai i g co side atio paid i D ago fly E e gy commo stock valued at $2.00 pe sha e, a p emium to ece t t adi g levels
- Co cu e t le de ame dme ts p ovide additio al fi a cial flexibility
RENO, Nev., July 31, 2026 (GLOBE NEWSWIRE) — D ago fly E e gy Holdi gs Co p. (Nasdaq: DFLI) (“D ago fly E e gy” o the “Compa y”), a i dust y leade i lithium batte y tech ology, today a ou ced that it has completed the acquisitio of substa tially all of the ope ati g assets associated with the Dakota Lithium® b a d. The acquisitio expa ds D ago fly E e gy’s each ac oss ma i e, outdoo ec eatio , powe spo ts, golf ca t a d othe specialty batte y ma kets a d is expected to begi co t ibuti g mea i gful eve ue a d be acc etive to Adjusted EBITDA i the fou th qua te of 2026.
Dakota Lithium is a ecog ized lithium i o phosphate batte y b a d with a established p ese ce ac oss specialty batte y ma kets. The acqui ed assets i clude the Dakota Lithium b a d a d elated i tellectual p ope ty, p oduct i ve to y, a compleme ta y batte y po tfolio, a d established custome a d dist ibuto elatio ships.
Based o histo ical fi a cial i fo matio p ovided to D ago fly E e gy, Dakota Lithium ge e ated app oximately $12 millio i et eve ue i 2025, sig ifica tly below levels achieved i p io yea s amid wo ki g-capital limitatio s a d i ve to y co st ai ts that mate ially educed p oduct availability.
D ago fly E e gy pla s to suppo t the Dakota Lithium b a d th ough its existi g comme cial, ope atio al, fulfillme t a d custome -suppo t i f ast uctu e. The Compa y believes this app oach ca help esto e p oduct availability, suppo t existi g custome s a d c eate a compleme ta y eve ue st eam without equi i g a p opo tio al i c ease i fixed ove head.
D ago fly E e gy i te ds to ope ate Dakota Lithium as a disti ct b a d alo gside Battle Bo Batte ies®. The multi-b a d st ategy is expected to b oade the Compa y’s ove all p oduct offe i g, each additio al custome segme ts a d p ice poi ts, a d expa d its pa ticipatio ac oss compleme ta y batte y ma kets while p ese vi g the established positio i g of each b a d.
The total pu chase p ice was $4.0 millio , co sisti g of $1.0 millio i cash a d $3.0 millio i D ago fly E e gy commo stock. The equity co side atio was valued at $2.00 pe sha e, o 1,500,000 sha es of commo stock, ep ese ti g a p emium to ece t t adi g levels, a d is subject to a 12-mo th co t actual lock-up. The t a sactio st uctu e limits upf o t cash equi eme ts a d p ese ves liquidity as the acqui ed ope atio s a e i teg ated.
I co ectio with the t a sactio , D ago fly E e gy’s existi g le de s ag eed to ame d ce tai te ms of the Compa y’s debt a a geme ts, i cludi g educi g the Compa y’s mi imum cash cove a t a d p ovidi g fo the ext two qua te s of i te est to be paid i ki d athe tha i cash. These ame dme ts a e expected to p ese ve app oximately $1 millio of ea -te m liquidity a d p ovide the Compa y with additio al fi a cial flexibility.
“We believe Dakota Lithium ep ese ts a compelli g st ategic a d fi a cial oppo tu ity fo D ago fly E e gy,” said D . De is Pha es, Chief Executive Office of D ago fly E e gy. “The busi ess established a mea i gful multiyea eve ue base ac oss att active specialty batte y ma kets, but mo e ece tly faced wo ki g-capital a d i ve to y co st ai ts that limited p oduct availability. By suppo ti g the Dakota Lithium b a d th ough i f ast uctu e we al eady have i place, we believe we ca esto e availability, eco ect with custome s a d g ow the busi ess efficie tly. We expect the acquisitio to suppo t ou goal of achievi g positive Adjusted EBITDA i the fou th qua te of 2026.”
The sha es of commo stock desc ibed above we e offe ed u de Sectio 4(a)(2) of the Secu ities Act of 1933, as ame ded (the “Act”) a d have ot bee egiste ed u de the Act, o applicable state secu ities laws. Acco di gly, such sha es may ot be offe ed o sold i the U ited States except pu sua t to a effective egist atio stateme t o a applicable exemptio f om the egist atio equi eme ts of the Act a d such applicable state secu ities laws.
The t a sactio was facilitated by a affiliate of Resolutio Fi a cial Adviso s LLC, a specialty fi a cial adviso y fi m based i Los A geles, New Yo k a d Silico Valley.
This p ess elease shall ot co stitute a offe to sell o a solicitatio of a offe to buy, o shall the e be a y sale of these secu ities i a y state o ju isdictio i which such a offe , solicitatio o sale would be u lawful p io to egist atio o qualificatio u de the secu ities laws of a y such state o ju isdictio .
Fo mo e i fo matio about D ago fly E e gy, visit D ago flye e gy.com.
D ago fly E e gy Holdi gs Co p. (Nasdaq: DFLI) is a lithium batte y tech ology compa y spa i g batte y cell ma ufactu i g, pack assembly a d full-system i teg atio . The Compa y develops a d delive s e e gy sto age solutio s fo mobile, off-g id, i dust ial a d specialty applicatio s.
D ago fly E e gy is adva ci g domestic batte y cell ma ufactu i g th ough its pate ted d y elect ode p ocess a d the developme t of ext-ge e atio batte y tech ologies, i cludi g all-solid-state batte y cells. Its wo k combi es adva ced esea ch a d developme t with softwa e-e abled i tellige ce to imp ove the pe fo ma ce a d capabilities of e e gy sto age systems.
To lea mo e, visit i vesto s.d ago flye e gy.com.
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the U ited States P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts i clude all stateme ts that a e ot histo ical stateme ts of fact a d stateme ts ega di g the Compa y’s i te t, belief, o expectatio s, i cludi g, but ot limited to, stateme ts ega di g the a ticipated be efits, timi g a d i teg atio of the Dakota Lithium acquisitio , the expected co t ibutio of Dakota Lithium to the Compa y’s eve ue a d Adjusted EBITDA, the Compa y’s expectatio of achievi g positive Adjusted EBITDA i the fou th qua te of 2026, the Compa y’s multi-b a d st ategy, the a ticipated effects of the le de ame dme ts o the Compa y’s liquidity a d fi a cial flexibility, the Compa y’s futu e esults of ope atio s a d fi a cial positio , pla ed p oducts a d se vices, busi ess st ategy a d pla s, ma ket size a d g owth oppo tu ities, competitive positio a d tech ological a d ma ket t e ds. Some of these fo wa d-looki g stateme ts ca be ide tified by the use of fo wa d-looki g wo ds, i cludi g “may,” “should,” “expect,” “i te d,” “will,” “estimate,” “a ticipate,” “believe,” “p edict,” “pla ,” “ta gets,” “p ojects,” “could,” “would,” “co ti ue,” “fo ecast” o the egatives of these te ms o va iatio s of them o simila exp essio s.
These fo wa d-looki g stateme ts a e subject to isks, u ce tai ties, a d othe facto s (some of which a e beyo d the Compa y’s co t ol) which could cause actual esults to diffe mate ially f om those exp essed o implied by such fo wa d-looki g stateme ts. Such facto s i clude those set fo th i the sectio s e titled “Risk Facto s” a d “Cautio a y Note Rega di g Fo wa d-Looki g Stateme ts” i the Compa y’s A ual Repo t o Fo m 10-K fo the yea e ded Decembe 31, 2025, a d i the Compa y’s subseque t fili gs with the SEC available at www.sec.gov. If a y of these isks mate ialize o a y of the Compa y’s assumptio s p ove i co ect, actual esults could diffe mate ially f om the esults implied by these fo wa d-looki g stateme ts. The e may be additio al isks that the Compa y p ese tly does ot k ow o that it cu e tly believes a e immate ial that could also cause actual esults to diffe f om those co tai ed i the fo wa d-looki g stateme ts. All fo wa d-looki g stateme ts co tai ed i this p ess elease speak o ly as of the date they we e made. Except to the exte t equi ed by law, the Compa y u de takes o obligatio to update such stateme ts to eflect eve ts that occu o ci cumsta ces that exist afte the date o which they we e made.
Sou ce: D ago fly E e gy Holdi gs Co p.
