Core Viewpoint - Eos Energy Enterprises, Inc. has announced the pricing of a $525 million offering of 1.75% convertible senior notes due 2031, increasing from a previously announced size of $500 million, with settlement scheduled for November 24, 2025 [1][5] Group 1: Offering Details - The notes will be senior, unsecured obligations with an interest rate of 1.75% per annum, payable semi-annually starting June 1, 2026, and maturing on December 1, 2031 [2] - Noteholders can convert their notes under certain conditions before September 3, 2031, and at any time thereafter until two trading days before maturity, with an initial conversion rate of 61.3704 shares per $1,000 principal amount, equating to a conversion price of approximately $16.29 per share, representing a 27.5% premium over the last reported sale price [2][3] - The notes are redeemable at Eos's option starting December 5, 2028, under specific conditions related to the stock price exceeding 130% of the conversion price [3] Group 2: Use of Proceeds - Eos estimates net proceeds from the offering to be approximately $507.9 million, or $580.5 million if the option for additional notes is fully exercised, intended for repurchasing existing convertible notes and general corporate purposes [5][7] - Concurrently, Eos is offering 35,855,647 shares of common stock at $12.78 per share in a registered direct offering [6] Group 3: Repurchase of Existing Notes - Eos has entered into transactions to repurchase $200 million of its existing 6.75% convertible senior notes due 2030 for approximately $564.6 million, including accrued interest, with terms dependent on various market factors [7] - Certain holders of the existing notes may engage in market activities that could affect the trading price of Eos's common stock and the notes [8] Group 4: Company Overview - Eos Energy Enterprises focuses on energy storage solutions, utilizing its innovative Znyth™ technology, which is a safe and scalable alternative to conventional lithium-ion technology, suitable for various energy storage applications [11]

Core Viewpoint - Eos Energy Enterprises, Inc. has initiated a registered direct offering of common stock and plans a separate private offering of convertible senior notes, aiming to raise funds for repurchasing existing convertible notes and for general corporate purposes [1][2][3]. Group 1: Offering Details - The registered direct offering is subject to market conditions and there is no assurance regarding its completion or terms [1]. - Eos plans to offer $500 million in convertible senior notes due 2031, with an option for an additional $75 million [2]. - The completion of the common stock offering is contingent upon the successful completion of the concurrent notes offering [5]. Group 2: Use of Proceeds - The net proceeds from both the common stock offering and the convertible notes offering will be used to repurchase a portion of the existing 6.75% convertible senior notes due 2030 and for general corporate purposes [3]. Group 3: Repurchase Transactions - Eos intends to engage in privately negotiated transactions to repurchase existing convertible notes, with terms dependent on various market factors [4]. - There is no guarantee on the number of existing convertible notes that will be repurchased or the terms of such repurchases [4]. Group 4: Company Overview - Eos Energy Enterprises focuses on energy independence through innovative energy storage solutions, utilizing Znyth™ technology, which is a safe and scalable alternative to lithium-ion technology [8]. - The company's battery energy storage systems (BESS) are designed for long-duration applications, providing operational flexibility to meet increasing grid demands [8].