Eos Energy amends credit agreement to allow up to $200M equity/convertible offering; issues DOE warrant

Eos Energy Enterprises, Inc.

Fifth Amendment permits offering of common stock and/or convertible notes; up to $200M of net proceeds may repurchase 6.75% Convertible Senior Notes due 2030.
Warrant Agreement with DOE for 570,000 shares at $0.01/share; cashless exercise triggered if 15-day VWAP exceeds $30.00.
DOE Limited Consent allows offerings and amends Accounts Agreement; company must maintain an 18-month interest reserve for new and existing convertible notes.
Limited Waiver from CCM Denali Equity waives certain conversion adjustments and preemptive rights for the planned offerings and DOE warrant issuance.
Tickers mentioned: EOSE.

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Eos Energy Enterprises, Inc. issued up to 570,000 shares of Common Stock of warrant to DOE for $0.01 per share.

Security: warrant
Shares: up to 570,000 shares of Common Stock
Purchaser: DOE
Consideration: $0.01 per share

Exact text from the filing

the Company will issue to the DOE a warrant to purchase up to 570,000 shares of Common Stock of the Company (the “Warrant”) on the third business day following the date the DOE Limited Consent Agreement and Amendment becomes effective (the “Issue Date”). The Warrant will expire on the fifth anniversary of the Issue Date (the “Termination Date”). Upon issuance, the Warrant will entitle the DOE to purchase up to an aggregate of 570,000 shares of Common Stock of the Company (the “Warrant Shares”) at an exercise price of $0.01 per share, subject to certain adjustments as described below.

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43 equity issuances filed in the last 30 days. Browse all equity issuances →

Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-112108

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