Chardan NexTech Acquisition 2 Corp. operated as a blank check company, specifically formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or another similar business combination with one or more enterprises. The company was founded in 2020 and maintained its headquarters in New York, New York. Its strategic focus for identifying a target business primarily included segments within the financial services, healthcare, real estate services, technology, and software industries. Chardan NexTech Acquisition 2 Corp. successfully completed its business combination in October 2022, merging with Dragonfly Energy Corp., an industry leader in deep cycle lithium-ion battery technology. Following this transaction, the company's shares transitioned to trade under the new ticker symbol DFLI, representing Dragonfly Energy Holdings Corp.