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New Deal


Announced

Dragonfly Energy to go public via a SPAC merger with Chardan NexTech Acquisition 2 in a $500m deal.

Financials

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Transaction Value£408m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

batteries

battery energy storage

Single Bidder

Acquisition

De-SPAC

Merger

Pending

Majority

Reverse Takeover

United States

Oil Equipment and Services

Friendly

Private

Synopsis

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Dragonfly Energy, an energy storage and producer of deep cycle lithium-ion storage batteries, agreed to go public via a SPAC merger with Chardan NexTech Acquisition 2 in a $500m deal. "As an innovator in the battery space, Dragonfly can transform distributed energy storage with the growth and commercialization of its All-Solid-State-Battery technology. We are excited to support the team as they become a public company," Jonas Grossman, CNTQ CEO and Director.

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