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Chardan NextTech 2 (CNTQ) to Combine with Dragonfly Energy in $500M Deal

Chardan NextTech 2 (CNTQ) to Combine with Dragonfly Energy in $500M Deal

Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) has entered into a definitive agreement to combine with energy storage firm Dragonfly Energy at an enterprise value of $500.1 million, representing a 2.0x EV/2023E revenue multiple. Reno, Nevada-based Dragonfly creates lithium-ion batteries equipped with a proprietary battery management system that are currently used in recreational vehicles (RVs), marine
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