EOSE · Eos Energy Enterprises Inc. Rt

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) disclosed the expiration and preliminary results of its previously announced rights offering. The offering, which expired at 5:00 p.m. Eastern Time on July 21, 2026, allowed holders to purchase units at $5.481 per unit, each consisting of one share of common stock and 0.4388 of a warrant. The company received subscriptions for 6,885,218 of the 27,367,171 units offered, leaving approximately 20.5 million units unsubscribed. Gross proceeds are estimated at $37.7 million. Including proceeds from this offering, a prior investment from Hudson Bay Capital Management, and a commitment from Cerberus Capital Management, approximately $263 million in total gross proceeds have been raised to support the formation of Frontier Power USA, which is expected to initially support over $1 billion in deployable project capital. The company has applied to list the warrants on Nasdaq under the symbol 'EOSEW', but no assurance can be given that the listing will be approved. The rights offering was conducted under an effective shelf registration statement, and the final distribution of shares and warrants is expected on or about August 3, 2026. This capital raise is significant for Eos as it provides funding to scale its zinc-based long-duration energy storage manufacturing and support its joint venture.