EOS Energy sells 21.6M shares at $4.00, nets ~$86M to repay debt and refinance Koch notes

Eos Energy Enterprises, Inc.

Closed offering of 21,562,500 shares of common stock at $4.00 per share on June 2, 2025, raising ~$86.25M gross proceeds.
Net proceeds will repay at least $50M of obligations under the Cerberus-led $210.5M delayed draw term loan facility.
Third Amendment to Credit Agreement allows refinancing of Koch Convertible Notes with cash up to $115M plus new Specified Refinancing Indebtedness.
Underwriters Jefferies LLC and J.P. Morgan Securities LLC exercised option in full to purchase additional 2,812,500 shares.
Total funded debt facility remains $210.5M delayed draw term loan plus $105M revolver, with revolver available only after full draw.

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