other material
confidence high
sentiment neutral
materiality 0.65
EOS Energy issues 13.7M shares and 6.0M warrants at $5.481/unit, raising ~$75M
Eos Energy Enterprises, Inc.
- Issued 13,683,634 common shares and 6,004,378 warrants to Hudson Bay Master Fund Ltd. at $5.481 per unit.
- Warrants have 10-year term, exercise price $5.481 per share, with anti-dilution and fundamental transaction adjustments.
- Warrants exercisable for cash or cashless; fractional shares rounded down to nearest whole share.
- Securities offered under existing S-3 registration statement; legal opinion of Davis Polk filed as exhibit.