ESS Tech raises approximately $15 million in registered direct offering of common stock and pre-funded warrants

ESS Tech, Inc.

On January 29, 2026, ESS Tech entered into a securities purchase agreement to sell 3,471,428 shares and 5,100,000 pre-funded warrants at $1.75 per share or $1.74999 per warrant.
The registered direct offering is expected to close on January 30, 2026, with net proceeds of approximately $13.5 million after fees and expenses.
Proceeds from the offering will be used for general corporate purposes and working capital.
Aegis Capital Corp. served as exclusive placement agent, receiving a cash fee of up to 6.0% of gross proceeds and expense reimbursement up to $80,000.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ESS Tech, Inc. entered into Purchase Agreement with certain institutional investors valued at approximately $13.5 million (effective 2026-01-29).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: approximately $13.5 million
Effective: 2026-01-29

Exact text from the filing

On January 29, 2026, ESS Tech, Inc. (the “Company”) signed a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors identified on the signature pages thereto (the “Purchasers”) pursuant to which the Company agreed to issue and sell in a registered direct offering registered under the Securities Act of 1933, as amended (the “Securities Act”), an aggregate of 3,471,428 shares (the “Shares”) of the Company’s common stock (“Common Stock”), Pre-Funded Warrants to purchase an aggregate of 5,100,000 shares of Common Stock at an exercise price of $0.00001 per share (the “Pre-Funded Warrants”), and the 5,100,000 shares of Common Stock underlying the Pre-Funded Warrants (“Pre-Funded Warrant Shares”) at an offering price of $1.75 per Share or $1.74999 per Pre-Funded Warrant, as applicable (the “Registered Direct Offering”).

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ESS Tech, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-004263

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