Eos Announces Pricing of Registered Direct Offering of Common Stock and Warrants to Fund Investment in Frontier Power USA

Eos Energy Enterprises announced a registered direct offering of 13.7 million shares and 6 million warrants to Hudson Bay Capital Management for approximately $75 million. Combined with Hudson Bay's $50 million direct investment in Frontier Power USA (FPUSA), the expected equity investment reaches $375 million. FPUSA plans to deploy over $1.5 billion in project capital with a 16 GWh pipeline of long-duration energy storage projects across U.S. markets.