secwatch.observer — SEC 8-K summary
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Issuer:     Eos Energy Enterprises, Inc. (EOSE)
CIK:        0001805077
Form:       8-K
Filed at:   2022-12-29T23:59:59+00:00
Accession:  0001213900-22-083603
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eos Energy cuts SEPA commitment to $75M, issues $2M convertible note to Yorkville
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- Reduced SEPA commitment from $125M to $75M; reinstated Exchange Cap at 19.99% of outstanding shares.
- Issued $2M convertible promissory note with 2% OID, 5% interest (15% on default), 6-month maturity (June 29, 2023).
- Conversion price: lower of $1.1779 and 96.5% of 7-day VWAP; floor price $0.35.
- Proceeds for working capital and general corporate purposes.
- Shares issuable upon conversion are unregistered, relying on Section 4(a)(2) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805077/000121390022083603/0001213900-22-083603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805077/000121390022083603/ea170974-8k_eosenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-083603

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