Eos Energy Enterprises, Inc. Announces Pricing of Registered Direct Offering of Common Stock to Fund Repurchase of Convertible Senior Notes

Core Viewpoint - Eos Energy Enterprises, Inc. has announced a registered direct offering of common stock and a concurrent private offering of convertible senior notes, aiming to raise approximately $458.2 million for repurchasing existing convertible notes and for general corporate purposes [1][2][3]. Group 1: Offering Details - The registered direct offering consists of 35,855,647 shares priced at $12.78 per share, expected to close on November 24, 2025 [1]. - The concurrent private offering includes $525 million of 1.75% convertible senior notes due 2031, with an option for an additional $75 million [3]. - The completion of the registered offering is contingent upon the successful closing of the concurrent notes offering [5]. Group 2: Use of Proceeds - Proceeds from the offerings will be used to repurchase a portion of the existing 6.75% convertible senior notes due 2030, with a total repurchase price of approximately $564.6 million [2][4]. - The repurchase will include accrued and unpaid interest and is subject to various market conditions [4]. Group 3: Company Overview - Eos Energy is focused on advancing American energy independence through innovative energy storage solutions, specifically its BESS featuring Znyth™ technology, which is a safe and scalable alternative to lithium-ion technology [8]. - The company's energy storage systems are designed for utility-scale, microgrid, commercial, and industrial applications, providing long-duration energy storage capabilities [8].