SCHEDULE: CVI & Heights Capital Disclose 6.2% Stake in Dragonfly Energy
Beneficial Ownership Report
CVI Investments, Inc. and Heights Capital Management, Inc. have jointly disclosed a 6.2% beneficial ownership stake in Dragonfly Energy Holdings Corp. common stock.
Summary
- CVI Investments, Inc. and Heights Capital Management, Inc. have filed a Schedule 13G, reporting beneficial ownership of 3,800,000 shares of Dragonfly Energy Holdings Corp. common stock.
- This represents 6.2% of the outstanding common stock of Dragonfly Energy Holdings Corp.
- Heights Capital Management, Inc. acts as the investment manager for CVI Investments, Inc. and exercises shared voting and dispositive power over these shares.
- The filing indicates that the shares were not acquired for the purpose of changing or influencing the control of the issuer.
- As of the completion of the offering referred to in the Prospectus Supplement filed on July 30, 2025, Dragonfly Energy Holdings Corp. had 61,724,470 shares outstanding.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance. It indicates an institutional investment, which can be seen as a neutral to slightly positive signal of investor confidence.
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates a significant passive investment by institutional entities in Dragonfly Energy Holdings Corp. Such filings are standard disclosures when an entity acquires more than 5% of a company's voting shares, signaling a notable institutional interest in the company.
Related Party Transactions
- CVI Investments, Inc. granted a Limited Power of Attorney to Heights Capital Management, Inc. on July 16, 2015, authorizing Heights Capital Management to manage transactions and exercise voting and dispositive power on behalf of CVI Investments.
Stakeholder Impact
- The disclosure of a 6.2% stake by institutional investors like CVI Investments and Heights Capital Management could signal increased institutional confidence in Dragonfly Energy Holdings Corp., potentially attracting further investor interest.
- For existing shareholders, this indicates a significant portion of the company's stock is held by long-term, passive institutional investors, which can contribute to market stability.
Key Dates
| Date | Description |
|---|---|
| 2015-07-16 | Date of Limited Power of Attorney agreement between CVI Investments, Inc. and Heights Capital Management, Inc. |
| 2023-11-24 | Date of Prospectus related to Dragonfly Energy Holdings Corp.'s Registration No. 333-275559. |
| 2025-07-30 | Date of event which required filing of this statement; also the filing date of the Prospectus Supplement indicating outstanding shares. |
| 2025-08-04 | Signature date of the Schedule 13G and Joint Filing Agreement. |
Keywords
Dragonfly Energy Holdings Corp, CVI Investments, Heights Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Institutional Investor, DRNE
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