---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-034769"
form_type: "8-K"
ticker: "GWH"
cik: "0001819438"
company_name: "ESS Tech, Inc."
filed_at: "2025-07-11T23:59:59+00:00"
generated_at: "2026-05-18T06:57:26.270296+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ESS announces $31M insider-led funding package, preliminary Q2 rev $2.4M, first Energy Base order

## Summary
- $28.5M Yorkville equity facility + $0.9M insider bridge notes + $4.0M equipment sale-leaseback cash.
- Preliminary Q2 revenue ~$2.4M (+294% QoQ); net loss ~$10.3M (43% improvement); adj. EBITDA loss ~$7.6M.
- Monthly cash burn reduced ~80% in June vs first 5 months average; cash & equivalents ~$0.8M as of June 30.
- First Energy Base order for 8 MWh project secured; directors forego cash compensation for 2025.
- NYSE delisting risk: avg market cap <$15M; may face suspension/delisting procedures.

## SEC filing metadata
- accession: 0001628280-25-034769
- form_type: 8-K
- ticker: GWH
- cik: 0001819438
- company_name: ESS Tech, Inc.
- filed_at: 2025-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819438/000162828025034769/0001628280-25-034769-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819438/000162828025034769/wk-20250709.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-034769
- JSON: https://secwatch.observer/filing/0001628280-25-034769.json
- Plain text: https://secwatch.observer/filing/0001628280-25-034769.txt

## Key facts
- Debt Financings
  ESS Tech, Inc. incurred lease obligation of $10,518,419.91 with UOP LLC maturing seven years.
  - Instrument: lease obligation
  - Principal: $10,518,419.91
  - Counterparty: UOP LLC
  - Maturity: seven years
  - Event: incurrence
  source text: On July 10, 2025, the Company entered into a Sale and Leaseback Agreement (the “UOP Sale and Leaseback Agreement”) with UOP LLC (“UOP”), an affiliate of a greater than 5% stockholder of the Company, pursuant to which UOP has agreed to purchase the stack assembly line 1 used to build power module stacks for the Company’s products, including the Energy Base, for a purchase price of $10,518,419.91 (comprised of $4,000,000 in cash and $6,518,419.91 applied to certain pre-payments from UOP), and to lease such equipment back to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819438/000162828025034769/0001628280-25-034769-index.htm

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