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Chardan NexTech Acquisition 2 Corp (DFLIW)
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Upturn Advisory Summary
12/29/2025: DFLIW (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.
Analysis of Past Performance
Type Stock | Historic Profit -32.73% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/29/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta -0.53 | 52 Weeks Range 0.01 - 0.08 | Updated Date 05/24/2025 |
52 Weeks Range 0.01 - 0.08 | Updated Date 05/24/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -71.94% | Operating Margin (TTM) -44.28% |
Management Effectiveness
Return on Assets (TTM) -19.85% | Return on Equity (TTM) -1460.48% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 5279877 |
Shares Outstanding - | Shares Floating 5279877 | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
Chardan NexTech Acquisition 2 Corp
Company Overview
History and Background
Chardan NexTech Acquisition 2 Corp (NASDAQ: CHAU) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2020. It was 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. As a SPAC, it does not have operations of its own but seeks to acquire or merge with an existing company. The company completed its initial public offering (IPO) in October 2020, raising $100 million.
Core Business Areas
- SPAC Business Combination Target: Chardan NexTech Acquisition 2 Corp's core 'business' is to identify, acquire, and merge with a target company operating in the technology or technology-enabled sectors. The goal is to bring a privately held company public through a merger, providing it with capital and access to public markets.
Leadership and Structure
Chardan NexTech Acquisition 2 Corp is managed by its sponsor, Chardan Capital Markets LLC. The management team typically consists of individuals with expertise in finance, investment banking, and the target industries. Specific leadership details can be found in the company's SEC filings, but a general structure includes a CEO, CFO, and a Board of Directors.
Top Products and Market Share
Key Offerings
- Product Name 1: N/A - As a SPAC, Chardan NexTech Acquisition 2 Corp does not have products or services. Its offering is the SPAC vehicle itself, aiming to provide a pathway to public markets for a target company.
Market Dynamics
Industry Overview
Chardan NexTech Acquisition 2 Corp operates within the Special Purpose Acquisition Company (SPAC) market. This market has experienced significant growth and volatility in recent years, driven by investor appetite for alternative IPO routes and companies seeking faster public market access. The regulatory landscape and investor sentiment play crucial roles in the SPAC market's dynamics.
Positioning
Chardan NexTech Acquisition 2 Corp's positioning is that of an intermediary facilitating a public offering for a private company. Its success is contingent on its ability to identify a suitable target company with strong growth prospects and execute a successful merger. Its competitive advantage lies in the expertise of its sponsor, Chardan Capital Markets, in deal sourcing and execution within the technology sector.
Total Addressable Market (TAM)
The Total Addressable Market (TAM) for Chardan NexTech Acquisition 2 Corp is effectively the universe of private companies within its target sectors (technology and technology-enabled) that are seeking to go public. Quantifying this TAM is complex and dynamic, but it represents a significant portion of the private capital markets looking for exit opportunities. Chardan NexTech Acquisition 2 Corp is positioned to capture a small fraction of this TAM by successfully merging with one target company.
Upturn SWOT Analysis
Strengths
- Expertise of sponsor (Chardan Capital Markets) in deal sourcing and execution.
- Access to capital raised through IPO.
- Flexibility in structuring a business combination.
- Focus on technology and technology-enabled sectors, which often have high growth potential.
Weaknesses
- No operational history or established business model until a merger is completed.
- Dependence on finding a suitable acquisition target within the specified timeframe.
- Dilution to existing shareholders upon merger completion.
- Potential for market volatility to impact deal viability.
Opportunities
- Acquiring a high-growth technology company that benefits from public market capital.
- Leveraging market trends for disruptive technologies.
- Potential for a successful merger to create significant shareholder value.
- The continued growth of the tech sector globally.
Threats
- Failure to identify and complete a business combination within the mandated timeframe, leading to liquidation.
- Increased regulatory scrutiny of SPACs.
- Market downturns impacting the valuation of target companies.
- Competition from other SPACs and traditional IPOs.
- Post-merger underperformance of the acquired company.
Competitors and Market Share
Key Competitors
- Other SPACs seeking to merge with technology companies.
- Companies pursuing traditional IPOs.
Competitive Landscape
Chardan NexTech Acquisition 2 Corp competes with numerous other SPACs for attractive acquisition targets. Its competitive advantage lies in its sponsor's expertise and its strategic focus on the technology sector. However, the SPAC market is highly competitive, and success is not guaranteed.
Growth Trajectory and Initiatives
Historical Growth: N/A - As a SPAC, Chardan NexTech Acquisition 2 Corp has no historical operational growth. Its 'growth' is measured by its progress in identifying and completing a business combination.
Future Projections: Future projections are entirely dependent on the identification and successful merger with a target company. Projections would then be based on the target company's business plan and market outlook.
Recent Initiatives: The primary recent initiative for Chardan NexTech Acquisition 2 Corp is the ongoing search for a suitable business combination target within the technology or technology-enabled sectors.
Summary
Chardan NexTech Acquisition 2 Corp is a SPAC with no operational business, whose sole purpose is to find and merge with a private company in the tech sector. Its strengths lie in its sponsor's expertise, but it faces significant risks if a suitable merger target isn't found within the allotted time. Success hinges entirely on the future performance of the company it eventually acquires.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q, S-1, etc.)
- Financial news outlets and databases
- Company investor relations (where applicable)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Investors should conduct their own due diligence before making any investment decisions. Market share data for SPACs is not directly applicable in the traditional sense; the provided structure is a placeholder.
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 2021-08-24 | 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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