secwatch.observer — SEC 8-K summary
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Issuer:     ESS Tech, Inc. (GWH)
CIK:        0001819438
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001628280-25-052045
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ESS Tech launches $75M at-the-market offering; proceeds to repay Yorkville promissory note
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- Entered ATM agreement with Yorkville, BMO, Canaccord, Needham & Stifel to sell up to $75M of common stock.
- Net proceeds first satisfy installment payments within 30 days on Promissory Note to YA II PN (Yorkville affiliate).
- After that, 80% of remaining proceeds used to repay Promissory Note in order of maturity; 20% for working capital.
- Agents receive 3% commission on gross sales; Canaccord acts as qualified independent underwriter.
- Offering under Rule 415; Company not obligated to sell any shares, but agents will use commercially reasonable efforts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819438/000162828025052045/0001628280-25-052045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819438/000162828025052045/wk-20251113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-052045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer