ESS Tech amends Yorkville note: extends second tranche deadline to Feb 2026, lowers principal condition

ESS Tech, Inc.

Second tranche deadline extended from Dec 12, 2025 to no later than Feb 28, 2026.
Condition for second tranche: principal outstanding under Tranche One must be ≤ $7M (down from $20M).
Company must enter ATM sales agreement with Yorkville Securities, with Yorkville receiving ≥60% of commissions.
Second tranche amount remains $10M less original issue discount.

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