Bankruptcy: ESS Tech, Inc.

Form Type: 8-K

Filing Date: 2025-05-28

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025028027

Filing Summary: ESS Tech, Inc. disclosed significant difficulties in obtaining the necessary financing to sustain its operations. As of May 27, 2025, despite ongoing efforts, the Company had not secured sufficient capital to prevent an imminent shutdown. The Company issued WARN Act notices to affected employees, indicating a potential shutdown of its Wilsonville site effective May 30, 2025, if financing is not acquired promptly. The Company remains committed to exploring all options to raise capital and continues to pursue projects with U.S. utilities, but is currently facing severe operational challenges and uncertainties.