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Eos Energy Announces Commencement of Rights Offering
GlobeNewswire Inc.·
Eos Energy Enterprises (NASDAQ: EOSE) commenced a rights offering to distribute 27.3 million units at $5.481 per unit to eligible shareholders and warrant holders. The offering, expiring July 21, 2026, aims to fund the company's previously announced $125 million investment in Frontier Power USA Parent, LLC, bringing expected total equity investment to $375 million. Each unit consists of one common share and 0.4388 warrants exercisable at $5.481 per share.
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