Eos Energy reduces Yorkville equity commitment from $200M to $125M

Eos Energy Enterprises, Inc.

Commitment amount under SEPA decreased from $200M to $125M effective Nov 14, 2022.
All other terms of the April 28, 2022 Standby Equity Purchase Agreement remain unchanged.
Previous commitment of $200M was amended down by $75M; no refund of fees paid.
Amendment includes Exchange Cap of 19.99% of outstanding shares unless certain conditions met.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Eos Energy Enterprises, Inc. amended Amendment No. 2 with YA II PN, LTD (“Yorkville”) valued at $125,000,000 (effective 2022-11-14).

Action: amendment
Agreement: equity purchase
Counterparty: YA II PN, LTD (“Yorkville”)
Value: $125,000,000
Effective: 2022-11-14

Exact text from the filing

On November 14, 2022, Eos Energy Enterprises, Inc. (the “Company”) and YA II PN, LTD (“Yorkville”) entered into Amendment No. 2 (the “Amendment No. 2”) to the Standby Equity Purchase Agreement dated as of April 28, 2022 (as amended by this Amendment No. 2 and Amendment No. 1 dated as of June 13, 2022, the “SEPA”), to decrease the commitment amount under the SEPA from $200,000,000 to $125,000,000.

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Source: SEC EDGAR

accession 0000950103-22-019546

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