Wednesday, April 12, 2023 6:25:11 PM
9:34 am ET April 12, 2023 (Benzinga) Print
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-powered long-duration energy storage systems, today announced that it has entered into a definitive agreement for the purchase and sale of an aggregate of 16,000,000 shares of the Company's common stock at a purchase price of $2.50 per share in a registered direct offering. The Company has also agreed to issue in a concurrent private placement unregistered warrants to purchase up to an aggregate of 16,000,000 shares of common stock. The warrants will have an exercise price of $3.14 per share, are not exercisable until six months from the date of issuance, and will expire five and one-half years from the date of issuance. The closing of the offering is expected to occur on or about April 14, 2023, subject to the satisfaction of customary closing conditions.
The gross proceeds to the Company from the offering are expected to be approximately $40 million, before deducting advisory fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering as working capital for general corporate purposes.
Recent EOSE News
- Eos Energy and Pine Gate Renewables Sign Agreement to Expand Existing Relationship • GlobeNewswire Inc. • 04/01/2024 12:00:00 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 03/07/2024 09:18:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/04/2024 10:29:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:25:30 PM
- Eos Energy Enterprises Reports Fourth Quarter & Full Year 2023 Financial Results and Provides 2024 Outlook • GlobeNewswire Inc. • 03/04/2024 09:01:00 PM
- Eos Energy Enterprises Announces Dates for Fourth Quarter & Full Year 2023 Financial Results • GlobeNewswire Inc. • 02/26/2024 09:30:00 PM
- Car Tech, LLC and AltEnergy Acquisition Corp Announce Definitive Business Combination Agreement to List Merged Company on the NASDAQ Capital Market • PR Newswire (US) • 02/21/2024 10:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 01:45:42 PM
- Eos Energy Enterprises Achieves “Power On” Status of all Motion Systems on its First State-of-the-Art Manufacturing Line and Provides Preliminary Results • GlobeNewswire Inc. • 02/13/2024 01:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 10:01:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 01:25:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:39:23 PM
- Eos Energy Enterprises Join Forces with SABIC Specialties to Produce a Specialty Light-Weight, Conductive Composite Thermoplastic for Eos Z3TM Battery • GlobeNewswire Inc. • 02/01/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 11:03:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:08:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 12:54:09 PM
- Eos Energy Enterprises and TETRA Technologies, Inc. Extend Partnership, Expanding Electrolyte Production Capacity • GlobeNewswire Inc. • 01/09/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 12:47:53 AM
- Eos Energy and Partner4Work Collaborate on Green Technology Career Development • GlobeNewswire Inc. • 12/20/2023 12:30:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 12/18/2023 02:21:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 10:04:01 PM
- Eos Energy Announces Pricing of $50 Million Public Offering • GlobeNewswire Inc. • 12/15/2023 12:18:24 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 12/14/2023 10:25:32 PM
- Eos Energy Announces Launch of Proposed $40M Public Offering • GlobeNewswire Inc. • 12/14/2023 09:26:56 PM
- Eos Energy and Pine Gate Renewables Announce Partnership Expansion • GlobeNewswire Inc. • 12/12/2023 09:30:00 PM
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM