Eos Energy Announces Commencement of Rights Offering

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage (LDES) systems sourced and manufactured in the United States, today announced that it has commenced its previously announced offering of subscription rights (the “Rights”) to holders of its common stock and holders of its warrants to purchase common stock issued on April 14, 2023, May 17, 2023, December 19, 2023 and November 21, 2025 (collectively, “Eligible Holders”) as of July 1, 2026 (the “Record Date”). Pursuant to the rights offering, the Company will distribute Rights to acquire an aggregate of 27,367,171 units (the “Units”) on July 2, 2026 (the “Distribution Date”) at a price per Unit of $5.481 to the Eligible Holders as of the Record Date. Each Unit consists of one share of the Company’s common stock and 0.4388 of a warrant to purchase one share of the Company’s common stock at an exercise price of $5.481 per whole share. Further details on the terms and conditions of the warrants are described in the offering documents. The rights offering includes an over-subscription privilege to permit each Eligible Holder that exercises its basic subscription rights in full to purchase additional Units up to the number of Units underlying its basic subscription right (or 200% combined) that remain unsubscribed on the expiration date for the offering (if any), subject to the availability and allocation of Units among persons exercising this over-subscription privilege and certain other limitations as described in the offering documents. The Company intends to use the net proceeds of the Rights Offering, if any, to fund its...