---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-094161"
form_type: "8-K"
ticker: "EOSE"
cik: "0001805077"
company_name: "Eos Energy Enterprises, Inc."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:14:42.547093+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eos Energy achieves second milestone, draws $65M from Cerberus credit facility

## Summary
- Achieved all four second performance milestones on Oct 31, 2024, enabling $65M draw from $210.5M Delayed Draw Term Loan.
- Issued 38.259864 shares of Series B-3 Preferred Stock to Cerberus, convertible into 38,259,864 common shares.
- Total convertible/exercisable shares issued to Cerberus now 142,282,584, representing 30.9% fully diluted ownership.
- If all draws funded and milestones met, Cerberus could own up to 33.0% (or 41.0% if milestones missed) fully diluted.
- Series B-3 Preferred Stock has redemption after Nov 2029, anti-dilution, preemptive rights, and board appointment rights.

## SEC filing metadata
- accession: 0001213900-24-094161
- form_type: 8-K
- ticker: EOSE
- cik: 0001805077
- company_name: Eos Energy Enterprises, Inc.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 3.02, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805077/000121390024094161/0001213900-24-094161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805077/000121390024094161/ea0219757-8k_eosenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-094161
- JSON: https://secwatch.observer/filing/0001213900-24-094161.json
- Plain text: https://secwatch.observer/filing/0001213900-24-094161.txt

## Key facts
- Governance Changes
  Eos Energy Enterprises, Inc.: Filed Certificate of Designation for Series B-3 Non-Voting Convertible Preferred Stock, establishing terms, rights, and preferences of the new series (effective 2024-11-01).
  - Change: charter amendment
  - Effective: 2024-11-01
  source text: On November 1, 2024, the Company filed with the Secretary of State of the State of Delaware the Certificate of Designation of Series B-3 Non-Voting Convertible Preferred Stock of the Company attached hereto as Exhibit 3.1 (the “Series B-3 Certificate of Designation”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805077/000121390024094161/0001213900-24-094161-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.