IPO - Eos Energy Enterprises, Inc.

Form Type: 424B5

Filing Date: 2025-06-02

Corporate Action: Ipo

Type: New

Accession Number: 000121390025049648

Filing Summary: Eos Energy Enterprises, Inc. is conducting a public offering of 18,750,000 shares of its common stock at a public offering price of $4.00 per share, which amounts to a total expected gross proceeds of $75 million. The offering is accompanied by a Concurrent Offering of 6.75% convertible senior notes due 2030, with an aggregate principal amount of $225 million, plus an option for an additional $25 million. The company intends to use the net proceeds from this offering for repurchasing existing convertible notes, prepaying a portion of its Credit Agreement, and for general corporate purposes. The underwriters have an option to purchase up to an additional 2,812,500 shares within a 30-day period after the offering. This offering represents a significant opportunity as the company plans to enhance its capital structure, reduce debt, and invest in growth initiatives. Eos Energy's common stock trades on the Nasdaq under the symbol ‘EOSE’. The last reported sale price before the offering was $5.995 per share. The document outlines various risks associated with the investment, highlighting the potential for dilution and the company's reliance on future funding and market conditions.

Form Type: 8-K

Filing Date: 2025-06-02

Corporate Action: Ipo

Type: New

Accession Number: 000121390025050047

Filing Summary: On May 29, 2025, Eos Energy Enterprises, Inc. entered into an Underwriting Agreement with Jefferies LLC and J.P. Morgan Securities LLC to sell 18,750,000 shares of its common stock at a public offering price of $4.00 per share. The Underwriters were granted an option to purchase up to an additional 2,812,500 shares, which they exercised in full on May 30, 2025. The completion of the share issuance, totaling 21,562,500 shares, occurred on June 2, 2025. The shares were sold under the company's registration statement on Form S-3, along with a preliminary and final prospectus supplement dated May 29, 2025. The Underwriting Agreement includes customary terms, including indemnification provisions for the Underwriters against certain liabilities under the Securities Act of 1933. Additionally, the document details a Third Amendment to a Credit Agreement that had been established previously, highlighting ongoing financial arrangements with lenders.