Eos Energy Enterprises announced the closing of a registered direct offering with Hudson Bay Master Fund Ltd. on July 1, 2026. The financing transaction involved the issuance of common stock and accompanying warrants, providing the company with gross proceeds of approximately $75 million.
Key Details
- Transaction: The company issued 13,683,634 shares of common stock and 6,004,378 warrants to purchase common stock.
- Pricing: Securities were sold at an aggregate offering price of $5.481 per unit, with each unit consisting of one share of common stock and 0.4388 of a warrant.
- Warrant Terms: Each warrant is exercisable for one share of common stock at an exercise price of $5.481 per share and has a 10-year term from the date of issuance.