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2) the possibility that the addressable markets that Dragonfly intends to target do not grow as expected; 3) the loss of any key executives; 4) the loss of any relationships with key suppliers including suppliers in China; 5) the loss of any relationships with key customers; 6) the inability to protect Dragonfly's patents and other intellectual property; 7) the failure to successfully optimize solid state cells or to produce commercially viable solid state cells in a timely manner or at all, or to scale to mass production; 8) changes in applicable laws or regulations; 9) the possibility that Dragonfly may be adversely affected by other economic, business and/or competitive factors; 10) the impact of the novel coronavirus disease pandemic, including any mutations or variants thereof, and/or the Russian/Ukrainian conflict, and their effects on business and financial conditions; 11) the potential for events or circumstances that result in our failure to timely achieve the anticipated benefits of our customer arrangements with THOR; and 12) other risks and uncertainties set forth in the sections entitled \"Risk Factors\" and \"Cautionary Note Regarding Forward-Looking Statements\" in Dragonfly's Registration Statement on Form S-4 relating to the business combination declared effective by the SEC on September 16, 2022, in Dragonfly's Current Report on Form 8-K filed with the SEC on October 7, 2022, and in Dragonfly's subsequent filings with the SEC. 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