Eos Energy rights offering expires, raises USD 37.7 million gross proceeds

Eos Energy Enterprises, Inc. Class A

Eos Energy Enterprises, Inc. Class A

EOSE

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  • Eos completed a rights offering that expired July 21, raising USD 37.7 million in gross proceeds.
  • Offering let common shareholders and certain warrant holders buy common stock on a pro rata basis.
  • Rights offering, together with prior equity offering, lifts Eos’s expected FPUSA equity contribution to about USD 113 million.
  • FPUSA platform targets about USD 263 million of gross equity, including USD 100 million from Cerberus, USD 50 million from Hudson Bay.


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