secwatch.observer — SEC 8-K summary
======================================

Issuer:     ESS Tech, Inc. (GWH)
CIK:        0001819438
Form:       8-K
Filed at:   2026-08-21T20:09:04+00:00
Accession:  0001819438-26-000077
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ESS Tech raises $3.2M in registered direct offering; 6.4M shares at $0.50 plus warrants
--------------------------------------------------------------------------------

- Sold 6.4M shares at $0.50/share; gross proceeds ~$3.2M, net ~$2.5M after fees.
- Issued 12.8M warrants at $0.50 exercise price; exercisable only after stockholder approval, 5-year term.
- Proceeds: repay $1.5M promissory note with YA II PN, Ltd., plus general corporate use.
- Roth Capital Partners placement agent; 7% cash fee plus 320k share warrant; 90-day lock-up for officers/directors.
- Company to seek stockholder approval for warrant issuance and reverse stock split within 60 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819438/000181943826000077/0001819438-26-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819438/000181943826000077/wk-20260820.htm
  HTML page:      https://secwatch.observer/filing/0001819438-26-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer