Eos Energy secures final $40.5M from Cerberus $210.5M DDTL after achieving third milestone

Eos Energy Enterprises, Inc.

Achieved third operational milestone (automated line, materials cost, Z3 tech, backlog); final $40.5M DDTL draw triggered.
Cerberus $210.5M term loan now fully funded; issued Series B-4 Preferred Stock convertible into 16,150,528 common shares.
Cerberus's fully diluted stake rises to 33.0% (Applicable Percentage); could reach 37.0% if remaining milestones missed.
Eos surpassed January raw materials cost-out target by 6%; manufacturing cycle times below 10 seconds.
Combined DDTL funding and DOE loan guarantee first disbursement provide sufficient capital for Project AMAZE.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Eos Energy Enterprises, Inc.: Filed Certificate of Designation for Series B-4 Non-Voting Convertible Preferred Stock, establishing rights, preferences, and conversion terms (effective 2025-01-24).

Change: charter amendment
Effective: 2025-01-24

Exact text from the filing

On January 24, 2025, the Company filed with the Secretary of State of the State of Delaware the Certificate of Designation of Series B-4 Non-Voting Convertible Preferred Stock of the Company attached hereto as Exhibit 3.1 (the “Series B-4 Certificate of Designation”).

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102 governance changes filed in the last 30 days. Browse all governance changes →

Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-006768

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