Highest-materiality recent filing
ESS Tech annual meeting elects two Class II directors; ratifies KPMG
Elected Sandeep Nijhawan (5.35M for, 1.72M withheld) and Harry Quarls (6.86M for, 0.21M withheld) to Class II board.
ESS Tech Q1 net loss narrows to $15.9M; revenue $128k; new AFRL and SRP/Google deals
Revenue $128K vs $0.6M YoY; net loss $(15.9)M ($0.54 per share) vs $(18.0)M prior year.
Director Michael Niggli resigns from ESS Tech board, effective May 29, 2026
Michael Niggli notified resignation from Board, Audit Committee, and Nominating and Corporate Governance Committee.
ESS Tech reports FY2025 net loss $63.4M, Adj. EBITDA -$44.3M, cash strengthened
Revenue of $1.6M; net loss improved to $63.4M from $86.2M in 2024; Adj. EBITDA -$44.3M vs -$71.3M.
On January 29, 2026, ESS Tech entered into a securities purchase agreement to sell 3,471,428 shares and 5,100,000 pre-funded warrants at $1.75 per share or $1.74999 per warrant.
ESS Tech prelim FY2025 rev $1.6M, op loss $55M; CEO Buckley added to board
Cash, equivalents, and short-term investments ~$22M at Dec 31, 2025, up $18.5M from Sep 30, 2025.
ESS Tech appoints Drew Buckley as CEO, names Goodman CSO/GC and Suhadolnik permanent CFO
Drew Buckley, former Head of Capital Markets Strategy, becomes CEO effective Jan 1, 2026; base salary $425K, annual target bonus up to 90%.
Second tranche deadline extended from Dec 12, 2025 to no later than Feb 28, 2026.
ESS Tech launches $75M at-the-market offering; proceeds to repay Yorkville promissory note
Entered ATM agreement with Yorkville, BMO, Canaccord, Needham & Stifel to sell up to $75M of common stock.
ESS Tech Q3 2025: No financial figures disclosed; highlights 50 MWh pilot, $40M financing, $75M ATM
Announced 50 MWh Energy Base pilot with Salt River Project (SRP) for long-duration energy storage.
ESS Tech stockholders re-elect Hossfeld, ratify KPMG, approve share issuance up to $25M
Re-elected Class I director Rich Hossfeld with 7,439,737 votes for, 227,368 withheld.
ESS Tech closes $40M note financing with Yorkville; warrant for 1.05M shares at $9.98
Unsecured promissory note of $40M in two tranches: $30M now, $10M upon ATM agreement with Yorkville Securities.
ESS Tech schedules 2025 annual meeting for Oct 6; sets Sep 8 deadline for proposals
Annual meeting set for October 6, 2025.
ESS Tech appoints Jigish Trivedi as COO effective August 18, 2025
Jigish Trivedi appointed COO effective Aug 18, 2025; previously SVP Operations at Electric Hydrogen Co. and senior roles at Micron and First Solar.
ESS Tech Q2 revenue $2.4M (+294% QoQ); secures up to $31M in new capital
GAAP revenue $2.4M (+294% QoQ); net loss and adjusted EBITDA improved 50% YoY.
ESS Tech terminates CFO Anthony Rabb; appoints Kate Suhadolnik as interim CFO
Anthony Rabb terminated without severance effective August 1, 2025; not related to accounting or financial reporting issues.
ESS announces $31M insider-led funding package, preliminary Q2 rev $2.4M, first Energy Base order
$28.5M Yorkville equity facility + $0.9M insider bridge notes + $4.0M equipment sale-leaseback cash.
ESS Tech closes orders for $2.5M revenue & $1M PTC sale in Q2; still needs near-term funding
Closed additional Energy Warehouse and Energy Center orders as part of inventory movement strategy.
ESS Tech warns of potential shutdown; issues WARN notices for Wilsonville site
As of May 27, 2025, ESS Tech has not raised capital needed to avoid or postpone a shutdown.
ESS Tech Q1 revenue $0.6M; awards 50 MWh Energy Base; proposals $400M; managing liquidity
Revenue of $0.6M for Q1 2025 from final Energy Center deliveries and Florida utility project.
ESS Tech reports FY2024 revenue of $6.3M, misses guidance; reaches Energy Center cost target early
FY2024 revenue of $6.3M was below the low end of guidance due to partner funding delays.
ESS Tech enters ATM equity offering program for up to $13.5M
Entered Sales Agreement with Robert W. Baird & Co. for at-the-market offering.
ESS Tech receives NYSE delisting notice for low market cap and equity
30-day avg market cap $47.8M; reported equity $49.2M as of Sept 30, 2024.
ESS CEO Eric Dresselhuys resigns; interim CEO Goodman appointed; board explores strategic options
CEO Eric Dresselhuys separated Feb 13, 2025; receives 12 months base salary ($500K) plus COBRA and accelerated equity vesting.
ESS Tech guides FY2024 revenue $9-11M; delays in Q3 revenue recognition; secures $20M EXIM loan
Revenue guidance for full year 2024 of $9-11 million, implying meaningful year-on-year growth.
ESS Tech enters $22.7M credit agreement with EXIM for production line financing
Loan facility of up to $22,709,850; $20M for equipment financing, balance for fees.
ESS Tech stockholders approve reverse stock split with ~98.5% in favor
Final vote: 104,424,540 For, 1,551,346 Against, 286,157 Abstain; proposal approved.
ESS Tech effects 1-for-15 reverse stock split to meet NYSE minimum bid price
Reverse split effective Aug 23, 2024 at 4:01 PM ET; common stock opens on post-split basis Aug 26.
ESS Tech Q2 revenue miss; secures $50M EXIM funding; cash >$74M
Cash & short-term investments >$74M; expected to fund operations well into 2025.
ESS Tech annual meeting elects three Class III directors, ratifies KPMG as auditor
Stockholders elected Raffi Garabedian, Michael Niggli, and Alexi Wellman as Class III directors to serve until 2027.
ESS Tech Q1 revenue $2.7M, seven-fold YoY; cash >$89M; orders second automation line
Q1 revenue $2.7M (seven-fold YoY increase); cash >$89M, expected into H1 2025.
On February 13, 2025, Eric Dresselhuys, Chief Executive Officer of ESS Tech, Inc. (the “Company”), separated from the Company and resigned as a member of Company’s Board of Directors (the “Board”).
In connection with Mr. Dresselhuys’ departure, Kelly F. Goodman, the Company’s current Vice President of Legal and Corporate Secretary, will be appointed as the interim Chief Executive Officer and Principal Executive Officer of the Company, effective February 13, 2025, until her successor is duly appointed and qualified.
Max materiality 0.95 · Median 0.60 · Most common event earnings