Eos Energy reissues $13.75M of 26.5% convertible notes under indenture

Eos Energy Enterprises, Inc.

Re-issued $13.75M of 26.5% Convertible Senior PIK Notes due 2026 under a new indenture.
Notes have same terms as original Jan 2023 issuance; no increase in company obligations.
Conversion rate: 598.8024 shares of common stock per $1,000 principal (~$1.67 per share).
Reissuance facilitates transferability; no new capital was raised.

item 1.01 item 2.03 item 3.02 item 9.01

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. amended Indenture with Wilmington Trust, National Association (effective 2023-05-25).

Action: amendment
Agreement: notes offering
Counterparty: Wilmington Trust, National Association
Effective: 2023-05-25

Exact text from the filing

the Company re-issued the Notes (the “Reissued Notes”) to the Investors in an aggregate principal amount of $13,750,000, pursuant to an indenture with Wilmington Trust, National Association, as trustee (the “Indenture”), dated as of May 25, 2023 (the “Reissuance”).

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Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-043181

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