ESS Tech completes de-SPAC merger with ACON S2; begins trading on NYSE as GWH

ESS Tech, Inc.

Merger closed Oct 8; ESS shares converted at 1.4711x; ~135M shares outstanding post-close.
PIPE financing raised $250M from 25M newly issued shares at $10 each.
New ESS common and warrants list on NYSE under GWH and GWH.W effective Oct 11.
Lock-up period of 180 days; early release if 20-day VWAP exceeds $12 within any 30-day window after day 150.
Up to 15.7M earnout shares contingently issuable based on milestones, representing ~11.6% dilution.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Alexi Wellman

director

GWH · ESS Tech, Inc.

Effective: 2021-10-12
Filed: October 15, 2021, 7:59 PM ET

the board of directors of New ESS (the “ Board ”) increased the size of the Board from eight to nine directors and appointed Alexi Wellman as an independent director, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alexi Wellman was appointed as director at ESS Tech, Inc..

Action: appointed
Role: director

Exact text from the filing

the board of directors of New ESS (the “ Board ”) increased the size of the Board from eight to nine directors and appointed Alexi Wellman as an independent director, effective immediately.

View on SEC.gov

ESS Tech, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-300138

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