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DFLI 
Chardan NexTech Acquisition 2 Corp (DFLI)
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Upturn Advisory Summary
12/11/2025: DFLI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $1.88
1 Year Target Price $1.88
| 1 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -57.52% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/11/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 104.14M USD | Price to earnings Ratio - | 1Y Target Price 1.88 |
Price to earnings Ratio - | 1Y Target Price 1.88 | ||
Volume (30-day avg) 2 | Beta -0.18 | 52 Weeks Range 0.15 - 3.89 | Updated Date 12/11/2025 |
52 Weeks Range 0.15 - 3.89 | Updated Date 12/11/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.36 |
Earnings Date
Report Date 2025-11-14 | When - | Estimate -0.04 | Actual -0.2 |
Profitability
Profit Margin -60.13% | Operating Margin (TTM) -23.66% |
Management Effectiveness
Return on Assets (TTM) -15.94% | Return on Equity (TTM) -1460.48% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 169798596 | Price to Sales(TTM) 1.8 |
Enterprise Value 169798596 | Price to Sales(TTM) 1.8 | ||
Enterprise Value to Revenue 2.8 | Enterprise Value to EBITDA 48.26 | Shares Outstanding 120787052 | Shares Floating 117245576 |
Shares Outstanding 120787052 | Shares Floating 117245576 | ||
Percent Insiders 1.56 | Percent Institutions 2.73 |
Upturn AI SWOT
Chardan NexTech Acquisition 2 Corp
Company Overview
History and Background
Chardan NexTech Acquisition 2 Corp is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It was incorporated in Delaware on October 20, 2020. As a SPAC, its history is primarily defined by its initial public offering (IPO) and its subsequent search for a target company to acquire.
Core Business Areas
- SPAC Operations: Chardan NexTech Acquisition 2 Corp's core business is to identify, acquire and operate a business in the technology sector. As a SPAC, it does not have ongoing operations or products of its own prior to a business combination. Its primary activities involve fundraising through its IPO and identifying potential merger targets.
Leadership and Structure
The leadership team of Chardan NexTech Acquisition 2 Corp typically comprises experienced individuals in finance, investment banking, and the technology sector. Specific names and their roles would be detailed in the company's SEC filings. The organizational structure is that of a shell company, designed to facilitate a business combination.
Top Products and Market Share
Key Offerings
- SPAC Structure: The primary 'offering' of a SPAC is its structure, which allows private companies to go public through a merger rather than a traditional IPO. Market share data for SPACs is not typically measured in terms of products or services, but rather in terms of capital raised and successful business combinations. Competitors in the SPAC market include other SPACs and traditional investment banks offering IPO services.
Market Dynamics
Industry Overview
The SPAC market is a segment of the broader capital markets, driven by investor appetite for public equity and companies seeking alternative routes to public markets. It is influenced by macroeconomic conditions, regulatory environments, and the performance of newly public companies. The technology sector, a common focus for SPACs, is characterized by rapid innovation, high growth potential, and significant competition.
Positioning
As a SPAC, Chardan NexTech Acquisition 2 Corp's positioning is that of an intermediary and facilitator. Its success is dependent on its ability to identify undervalued or high-growth potential technology companies and successfully merge with them. Its competitive advantages lie in its management team's expertise, network, and the SPAC structure itself.
Total Addressable Market (TAM)
The TAM for SPACs is essentially the universe of private companies seeking to go public. The technology sector represents a significant portion of this TAM due to its growth characteristics. Chardan NexTech Acquisition 2 Corp's positioning is to target a specific niche within this TAM, likely focusing on sub-sectors of technology where its management has deep expertise.
Upturn SWOT Analysis
Strengths
- Experienced management team with expertise in finance and technology.
- SPAC structure provides a potentially faster and more flexible route to public markets for target companies.
- Access to capital raised through its IPO.
Weaknesses
- As a SPAC, it has no inherent operational business or revenue prior to a business combination.
- Reliance on finding a suitable and accretive target company within a limited timeframe.
- Potential for dilution to existing shareholders upon a business combination.
- Market sentiment towards SPACs can be volatile.
Opportunities
- Opportunity to acquire and grow a promising technology company.
- Potential to capitalize on market inefficiencies in the technology sector.
- Ability to bring innovative companies to public markets.
Threats
- Failure to identify and complete a business combination within the specified timeframe, leading to dissolution.
- Regulatory changes impacting SPACs.
- Deterioration of market conditions or investor sentiment towards SPACs.
- Intense competition from other SPACs and traditional IPOs.
Competitors and Market Share
Key Competitors
- Other SPACs seeking to merge with technology companies.
- Companies undertaking traditional IPOs.
Competitive Landscape
Chardan NexTech Acquisition 2 Corp competes with numerous other SPACs and traditional IPO avenues for attractive acquisition targets. Its competitive advantage lies in the specific expertise of its management team and its ability to structure a favorable deal for both the target company and its shareholders.
Growth Trajectory and Initiatives
Historical Growth: As a SPAC, historical growth is not applicable in the conventional sense. Its 'growth' is measured by its ability to raise capital through its IPO and its progress in identifying and executing a business combination.
Future Projections: Future projections are contingent on the successful completion of a business combination with a suitable target company. Any projections would be specific to the target company's industry and business model.
Recent Initiatives: Recent initiatives would involve the search for a business combination partner and potentially engagement with potential target companies, investment banks, and legal advisors.
Summary
Chardan NexTech Acquisition 2 Corp is a SPAC focused on the technology sector, with its primary 'business' being the search for a merger target. Its strength lies in its experienced management and the SPAC structure's flexibility. However, it faces significant risks related to finding a suitable partner and market volatility. Its future success hinges entirely on the outcome of its pending or future business combination.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company's SEC Filings (e.g., S-1, 10-K, 10-Q)
- Financial news and data providers
Disclaimers:
This information is based on publicly available data and is intended for informational purposes only. It does not constitute investment advice. SPACs are inherently risky investments, and their value is highly dependent on the successful completion of a business combination. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Chardan NexTech Acquisition 2 Corp
Exchange NASDAQ | Headquaters Reno, NV, United States | ||
IPO Launch date 2022-10-07 | Founder, Chairman of the Board, President, CEO & Interim CFO Dr. Denis Phares | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 139 | Website https://dragonflyenergy.com |
Full time employees 139 | Website https://dragonflyenergy.com | ||
Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. It operates in two segments, direct-to-consumers and original equipment manufacturers. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others. It also offers battery management systems for monitoring and controlling of battery systems, and to protect battery cells from damage in various scenarios. The company provides its products under the Dragonfly Energy, Battle Born, and Wakespeed brand names. Dragonfly Energy Holdings Corp. is headquartered in Reno, Nevada.
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