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Category: Business:Investing

Market analysis and commentary focused on the SPAC market you can only get here.

Dr. Denis Phares, CEO of Dragonfly Energy and Jonas Grossman, CEO/President of Chardan NexTech 2

August 10, 2022

This week, we speak with Dr. Denis Phares, CEO of Dragonfly Energy and Jonas Grossman, CEO and President of Chardan NexTech Acquisition 2 Corp. (Nasdaq: CNTQ). The two announced a $501 million combination agreement in May. 

Dragonfly has been attacking a less-talked-about corner of the energy storage market by providing lithium-ion solutions for boats, RVs and off-grid homes. Although this has been profitable work for several years running, Dragonfly’s operations in this niche have always been designed to set the stage for a much bigger technological and organizational transition into solid state systems. 

We talk about the areas of the market where outdated lead acid batteries still dominate, while Jonas gives us the SPAC-side view on what teams should be looking for in the current market conditions.