Chardan NexTech Acquisition 2 announced that its shareholders voted in favor of the business combination with Dragonfly Energy.
Over 99.9% of the votes cast were in support of the deal, the SPAC said in a press release.
Chardan yesterday disclosed in a regulatory filing that shareholder redemptions removed $21.4 million from its trust account, leaving about $10.5 million. Chardan had announced last week that it secured a $75 million loan to support the deal. The SPAC also has a $15 million stock purchase agreement with THOR Industries.
The press release did not cite a timetable for closing the deal, which was valued at $500 million at announcement in May. Upon closing, the combined company is expected to trade on the Nasdaq under the ticker symbol DFLI. Read more.
