Eos Energy Enterprises raises $40M via registered direct offering and private warrant placement

Eos Energy Enterprises, Inc.

16M shares sold at $2.50/share; 16M warrants at $3.14, expiring 5.5 years from issuance.
Gross proceeds ~$40M before fees; net proceeds for working capital and general corporate purposes.
Warrants not exercisable for six months; registered direct offered under effective shelf registration.
TD Cowen acted as financial advisor; advisory fee of $2M. Closing expected April 14, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Eos Energy Enterprises, Inc. entered into Purchase Agreement with investors named on the signature pages thereto valued at approximately $40.0 million (effective 2023-04-12).

Action: entry
Agreement: equity purchase
Counterparty: investors named on the signature pages thereto
Value: approximately $40.0 million
Effective: 2023-04-12

Exact text from the filing

On April 12, 2023, Eos Energy Enterprises, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with the investors named on the signature pages thereto

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301 material agreements filed in the last 30 days. Browse all material agreements →

Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-029963

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