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]

EDISON, N.J., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced that it has commenced a registered direct offering of common stock (the “Offering”) to a limited number of purchasers. The Offering is being made pursuant to the Securities Act of 1933, as amended (the “Securities Act”). The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, if at all, or as to ...