Eos Energy Enterprises (EOSE) priced a registered direct offering to Hudson Bay Capital Management to raise approximately $75 million in gross proceeds.
The offering consists of 13.68 million shares of common stock sold together with 6 million warrants.
Each share and partial warrant bundle sold at a combined price of $5.481.
The warrants carry an exercise price of $5.481 per share.
The transaction is expected to close on or about July 1, 2026.
Eos will use the net proceeds to fund its contribution to the Frontier Power USA joint venture.
Hudson Bay committed an additional $50 million directly into the venture.
These combined investments are expected to support over $1.5 billion in project capital for long-duration energy storage.