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Dragonfly Energy Strikes SPAC Deal Valued at $500 Million

  • Battery maker to merge with Chardan NexTech Acquisition 2 Corp
  • Latest company to brave contracting blank-check market
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Battery maker Dragonfly Energy Corp. has agreed to go public in a transaction with a blank-check company valuing it at $500 million, including debt. 

The agreement with Chardan NexTech Acquisition 2 Corp. is being financed through $128 million in the special purpose acquisition company’s trust plus $230 million in additional financing, according to a statement Monday, confirming a Bloomberg News report.