Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) shares are trading higher Tuesday after the company announced it had eliminated its Series A Preferred Stock through a negotiated share exchange agreement on Monday.
What To Know: Under the terms of the agreement, Dragonfly issued 2.1 million common shares in exchange for the surrender of all outstanding Series A Preferred Stock. The move fully satisfies the company's obligations under the Series A Preferred agreements.
