Eos Energy rights offering raises $37.7M; total $263M raised for Frontier Power USA

Eos Energy Enterprises, Inc.

Subscriptions for 6,885,218 of 27,367,171 units at $5.481/unit; each unit = 1 share + 0.4388 warrant.
Gross proceeds of $37.7M from rights offering; combined with Hudson Bay and Cerberus investments totals ~$263M.
Total raised exceeds Frontier Power USA target; expected to support over $1B in deployable project capital.
Warrants to be listed on Nasdaq under symbol EOSEW; distribution of shares and warrants expected August 3, 2026.
Rights not exercised by July 21, 2026 expired and are no longer exercisable.

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