--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-003803" form_type: "8-K" ticker: "EOSE" cik: "0001805077" company_name: "Eos Energy Enterprises, Inc." filed_at: "2023-01-19T23:59:59+00:00" generated_at: "2026-06-20T13:12:22.125767+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Eos Energy sells $13.75M in 26.5% convertible PIK notes due 2026 to existing investors ## Summary - Issued $13.75M in 26.5% Convertible Senior PIK Notes due 2026 to existing investors Clear Creek, Ardsley, AltEnergy. - Interest paid-in-kind semi-annually; initial conversion price ~$1.67 per share, subject to adjustments. - Notes mature June 30, 2026; redeemable after June 30, 2024 if stock exceeds 130% of conversion price. - Existing term loan lenders consented to up to $75M of such notes; standstill for six months. ## SEC filing metadata - accession: 0001213900-23-003803 - form_type: 8-K - ticker: EOSE - cik: 0001805077 - company_name: Eos Energy Enterprises, Inc. - filed_at: 2023-01-19T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03, 3.02, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1805077/000121390023003803/0001213900-23-003803-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805077/000121390023003803/ea171786-8k_eosenergy.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-003803 - JSON: https://secwatch.observer/filing/0001213900-23-003803.json - Plain text: https://secwatch.observer/filing/0001213900-23-003803.txt ## Key facts - Debt Financings Eos Energy Enterprises, Inc. incurred convertible notes of $13,750,000 in aggregate principal amount with Great American Insurance Company, Ardsley Partners Renewable Energy, LP, CCI SPV III, LP, Denman Street LLC, John B. Berding Irrevocable Children’s Trust, John B. Berding, and AE Convert, LLC at 26.5% per annum maturing June 30, 2026. - Instrument: convertible notes - Principal: $13,750,000 in aggregate principal amount - Counterparty: Great American Insurance Company, Ardsley Partners Renewable Energy, LP, CCI SPV III, LP, Denman Street LLC, John B. Berding Irrevocable Children’s Trust, John B. Berding, and AE Convert, LLC - Rate: 26.5% per annum - Maturity: June 30, 2026 - Event: incurrence source text: Issuance and Sale of 26.5% Convertible Senior PIK Notes due 2026 On January 18, 2023, Eos Energy Enterprises, Inc. (the “Company”) entered into an investment agreement (the “Investment Agreement”) with Great American Insurance Company, Ardsley Partners Renewable Energy, LP, CCI SPV III, LP, Denman Street LLC, John B. Berding Irrevocable Children’s Trust, John B. Berding, and AE Convert, LLC, a Delaware limited liability company managed by Russell Stidolph, a director of the Company (together, the “Purchasers”) relating to the issuance and sale to the Purchasers of $13,750,000 in aggregate principal amount of the Company’s 26.5% Convertible Senior PIK Notes due 2026 (the “Notes”). evidence_url: https://www.sec.gov/Archives/edgar/data/1805077/000121390023003803/0001213900-23-003803-index.htm - Material Agreements Eos Energy Enterprises, Inc. amended Limited Consent with ACP Post Oak Credit I LLC, as administrative agent and acting on behalf of itself and the other Lenders under the Senior Secured Term Loan Credit Agreement dated as of July 29, 2022 (effective 2023-01-18). - Action: amendment - Agreement: credit facility - Counterparty: ACP Post Oak Credit I LLC, as administrative agent and acting on behalf of itself and the other Lenders under the Senior Secured Term Loan Credit Agreement dated as of July 29, 2022 - Effective: 2023-01-18 source text: On January 18, 2023, the Company entered into a limited consent agreement dated as of January 17, 2023 (the “Limited Consent”) with ACP Post Oak Credit I LLC, as administrative agent and acting on behalf of itself and the other Lenders under the Senior Secured Term Loan Credit Agreement dated as of July 29, 2022 (the “Credit Agreement”). evidence_url: https://www.sec.gov/Archives/edgar/data/1805077/000121390023003803/0001213900-23-003803-index.htm - Material Agreements Eos Energy Enterprises, Inc. entered into Investment Agreement with Great American Insurance Company, Ardsley Partners Renewable Energy, LP, CCI SPV III, LP, Denman Street LLC, John B. Berding Irrevocable Children’s Trust, John B. Berding, and AE Convert, LLC valued at $13,750,000 in aggregate principal amount (effective 2023-01-18). - Action: entry - Agreement: notes offering - Counterparty: Great American Insurance Company, Ardsley Partners Renewable Energy, LP, CCI SPV III, LP, Denman Street LLC, John B. Berding Irrevocable Children’s Trust, John B. Berding, and AE Convert, LLC - Value: $13,750,000 in aggregate principal amount - Effective: 2023-01-18 source text: On January 18, 2023, Eos Energy Enterprises, Inc. (the “Company”) entered into an investment agreement (the “Investment Agreement”) with Great American Insurance Company, Ardsley Partners Renewable Energy, LP, CCI SPV III, LP, Denman Street LLC, John B. Berding Irrevocable Children’s Trust, John B. Berding, and AE Convert, LLC, a Delaware limited liability company managed by Russell Stidolph, a director of the Company (together, the “Purchasers”) relating to the issuance and sale to the Purchasers of $13,750,000 in aggregate principal amount of the Company’s 26.5% Convertible Senior PIK Notes due 2026 (the “Notes”). evidence_url: https://www.sec.gov/Archives/edgar/data/1805077/000121390023003803/0001213900-23-003803-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.