Eos receives $22.7M DOE loan advance; fully draws first $90.9M tranche

Eos Energy Enterprises, Inc.

Second advance of $22.7M from DOE Loan Programs Office, fully drawing the $90.9M first tranche.
Total DOE loan facility is up to $277.5M plus up to $25.95M capitalized interest.
Funds cover 80% of eligible costs for Project AMAZE manufacturing expansion.
Company recently closed $336M in common stock and convertible note offerings.
Eos submitted purchase order for second state-of-the-art manufacturing line.

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