secwatch.observer — SEC 8-K summary
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Issuer:     Eos Energy Enterprises, Inc. (EOSE)
CIK:        0001805077
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001213900-23-021027
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eos Energy issues $15M convertible note to Yorkville; amends equity purchase cap
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- $15M convertible promissory note issued to Yorkville with 2% OID and 5% interest (15% default).
- Conversion price is lower of $1.9368 or 92.5% of 7-day VWAP, subject to $0.35 floor.
- Amendment No. 4 waives exchange cap for sales at or above $1.88/share or with shareholder approval.
- Net proceeds used for working capital and general corporate purposes.
- Note matures August 17, 2023; Yorkville can offset outstanding by forcing share advances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805077/000121390023021027/0001213900-23-021027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805077/000121390023021027/ea175401-8k_eosenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-021027

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