Eos Energy achieves first Cerberus milestones, draws $30M tranche; DOE loan extended to Dec 31

Eos Energy Enterprises, Inc.

Achieved all four First Milestone metrics: automated line cycle time <10 sec, first pass yield >90%.
Drew $30M from Cerberus delayed draw term loan; issued Series A-2 Preferred representing 28.8M common shares.
Cerberus's total fully diluted stake rises to 24.8% (104M common share equivalents) including prior issuances.
DOE extended $398.6M loan conditional commitment to Dec 31, 2024; conditions still to be satisfied.
Remaining draws: $65M (Oct 31, 2024) and $40.5M (Jan 31, 2025); special stockholder meeting Sep 10.

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