Dragonfly Energy SPAC Presentation Deck

Existing Business Driving Future Success Revenue ($ in millions) $18 1 18 2018 2019 $7 OEM DTC(¹) Source: Dragonfly Energy. Note: (1) 103% 18-23E CAGR $47 3 44 $78 8 70 $115 Totals may not sum due to rounding. Includes DTC battery sales, accessories, and adjustments. 37 78 $255 93 162 2020 2021 2022 2023E 2021 to 2023E Revenue Bridge ($ in millions) $78 2021 High OEM Revenue Visibility 100% of OEM revenue expected to be generated through 2023 based on existing relationships $85 OEM $92 DTC Growth High marketing ROI ✓ New products ✓ Accessory growth DTC $255 2023E dragonfly ENERGY CONFIDENTIAL | 35

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