Dragonfly Energy SPAC Presentation Deck

Accelerating the Future with Solid State Development Dragonfly has validated its solid state technology and is currently optimizing the cells and preparing for production Develop Dry Spraying Technique Develop Electrodes and Electrolytes Cycle Against Lithium Metal Cycle Against Graphite Assemble Layered Pouch Optimize Chemistry Construct Pilot Production Line Extend Longevity Testing Integrate into Battery Packs Scale to Mass Production Research and Development Source: Dragonfly Energy. 2012 - 2019 2020 2021 2022 - 2024 dragonfly ENERGY Production and Commercialization CONFIDENTIAL | 29

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