Dragonfly Energy SPAC Presentation Deck

Solid State: Why Does it Matter? (7) (2) For the Environment ▪ Drives Shift from Fossil Fuels: Low levelized cost(¹) competes with burning coal and natural gas Safety: Non-flammable, which enables smart distributed energy storage For Dragonfly ▪ Enhanced Gross Margins: Reduces material costs by >50%(²) ▪ Vertical Integration: Designed and manufactured in the U.S. Source: Dragonfly Energy. Defined as lifetime costs divided by energy production. As compared to traditional lithium-ion cells. 크크 dragonfly U dragonfly ENERGY 1 88 Dragonfly's envisioned smart storage solution will allow for a more stable power grid and encourage the widespread incorporation of renewable energy sources CONFIDENTIAL | 28

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