Eos Energy receives Nasdaq delisting notice for bid price below $1 per share

Eos Energy Enterprises, Inc.

Received letter on May 20, 2024 for failure to meet minimum $1 bid price for 30 consecutive business days.
Has 180 calendar days, until November 16, 2024, to regain compliance.
Can regain if closing bid price at least $1.00 for 10 consecutive business days during compliance period.
Company considering options including reverse stock split to address the deficiency.
Nasdaq listing not immediately affected; trading continues during compliance period.

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