secwatch.observer — SEC 8-K summary
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Issuer:     Eos Energy Enterprises, Inc. (EOSE)
CIK:        0001805077
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001213900-23-003803
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eos Energy sells $13.75M in 26.5% convertible PIK notes due 2026 to existing investors
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805077/000121390023003803/0001213900-23-003803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805077/000121390023003803/ea171786-8k_eosenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-003803

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer