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Chardan NexTech Acquisition 2 Corp (DFLIW)



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Upturn Advisory Summary
06/30/2025: DFLIW (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $0
1 Year Target Price $0
0 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -68% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 - |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Chardan NexTech Acquisition 2 Corp
Company Overview
History and Background
Chardan NexTech Acquisition 2 Corp. was 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 founded in 2020.
Core Business Areas
- SPAC Operations: The company's primary business was to identify and merge with a private company, effectively taking that company public. The company was not operating in a specific industry, but was generally targeting technology businesses.
Leadership and Structure
SPACs are typically led by experienced investors and operators. Specific leadership details for Chardan NexTech Acquisition 2 Corp would need to be found in their filings with the SEC. The company dissolves upon finding an acquisition target or after a given period of time.
Top Products and Market Share
Key Offerings
- SPAC IPO: Chardan NexTech Acquisition 2 Corp offered shares to the public, promising to use the capital to acquire a private company. No market share data is applicable, as SPACs don't directly compete like traditional companies. Competitors are other SPACs seeking targets.
Market Dynamics
Industry Overview
The SPAC market has been volatile. The industry saw a boom in 2020-2021 followed by a sharp correction with increased regulatory scrutiny and lower performance from SPAC mergers.
Positioning
Chardan NexTech Acquisition 2 Corp's position depended on its ability to find an attractive merger target. Without a merger, the SPAC holds cash for investors.
Total Addressable Market (TAM)
The TAM is difficult to define precisely as SPACs are not confined to an individual industry. It is a function of the total amount of funds that can be raised in the public markets for the purposes of acquiring a company. The company's position within the TAM depends on its track record and the experience of its management team.
Upturn SWOT Analysis
Strengths
- Experienced management team (potentially)
- Access to capital
- Flexibility in target selection
Weaknesses
- Limited operating history
- Dependence on identifying a suitable target
- Potential for conflicts of interest
- High dilution for pre-merger shareholders
Opportunities
- Acquire a high-growth company
- Capitalize on market dislocations
- Generate high returns for investors
Threats
- Increased regulatory scrutiny
- Competition from other SPACs
- Inability to find a suitable target
- Market volatility
- Poor performance of target company post-merger
Competitors and Market Share
Key Competitors
Competitive Landscape
The competitive landscape is defined by the pool of other SPACs seeking to acquire businesses and private equity firms also bidding for companies.
Growth Trajectory and Initiatives
Historical Growth: Growth is contingent upon the acquisition of a target company.
Future Projections: Future projections are dependent on the business plan of the acquired company.
Recent Initiatives: Recent initiatives would relate to the search for a merger target.
Summary
Chardan NexTech Acquisition 2 Corp. was a blank-check company. Its success depended on acquiring a promising company in a good deal and market conditions. With the SPAC boom passed, it faced an uphill battle and the risks of liquidation if no suitable target was identified. The company was ultimately weak in finding a target, and needed to adjust to adverse market conditions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Financial News Articles
- SPAC Research Websites
Disclaimers:
This analysis is based on publicly available information and general knowledge of SPACs. It does not constitute financial advice. Information may not be completely up to date or reflect all recent events.
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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