Eos Energy Enterprises (NASDAQ: EOSE) outlines $37.7M rights offering outcome
Rhea-AI Filing Summary
Eos Energy Enterprises detailed preliminary results of a rights offering to purchase up to 27,367,171 Units at $5.481 per Unit, each consisting of one share of common stock and 0.4388 of a warrant with a $5.481 exercise price per whole share.
As of the July 21, 2026 Expiration Date, subscriptions totaled 6,885,218 Units, and the company expects aggregate gross proceeds of $37.7 million. Including this capital, a previously announced investment from Hudson Bay Capital Management and a commitment from Cerberus Capital Management, approximately $263 million in gross proceeds have been raised in support of Frontier Power USA, which is expected to initially support more than $1 billion of deployable project capital. The common stock and warrants comprising the Units will separate and be issued individually, with distribution expected on or about August 3, 2026, and the company has applied to list the warrants on Nasdaq under the symbol “EOSEW,” with completion of the rights offering remaining subject to specified conditions.
Positive
- None.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Units available via rights: 27,367,171 Units
Unit subscription price: $5.481 per Unit
Warrants per Unit: 0.4388 warrant per Unit
+5 more
8 metrics
Units available via rights
27,367,171 Units
Rights to acquire these Units were distributed on July 2, 2026
Unit subscription price
$5.481 per Unit
Subscription price in the rights offering
Warrants per Unit
0.4388 warrant per Unit
Each Unit includes one common share and 0.4388 of a warrant
Warrant exercise price
$5.481 per share
Exercise price of each whole warrant share
Units subscribed
6,885,218 Units
Subscriptions received as of the July 21, 2026 Expiration Date
Rights offering gross proceeds
$37.7 million
Expected aggregate gross proceeds from the rights offering
Total proceeds for Frontier Power USA
$263 million
Approximate gross proceeds raised including rights offering and other financings
Deployable project capital
more than $1 billion
Project capital initially supported by financing for Frontier Power USA
Key Terms
rights offering, shelf registration statement, prospectus supplement, long duration energy storage (LDES), +2 more
6 terms
rights offering financial
"Eos Energy Enterprises, Inc. today announced results of its rights offering"
A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.
shelf registration statement regulatory
"The Company conducted the rights offering pursuant to an effective shelf registration statement"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"The rights offering is being made only by means of a separate prospectus supplement"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
long duration energy storage (LDES) technical
"providing zinc-based long duration energy storage (LDES) systems"
Znyth™ technology technical
"The Company’s BESS features the innovative Znyth™ technology, a proven chemistry"
Department of Energy Loan Facility regulatory
"the timing and availability of future funding under the Department of Energy Loan Facility"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What rights offering did Eos Energy Enterprises (EOSE) complete?
Eos Energy Enterprises conducted a rights offering for up to 27,367,171 Units at $5.481 per Unit. Each Unit includes one share of common stock and 0.4388 of a warrant with a $5.481 exercise price per whole share.
How many Units were subscribed in Eos Energy (EOSE)'s rights offering and what proceeds are expected?
Based on the Subscription Agent’s tabulation, holders subscribed for 6,885,218 Units. Eos Energy expects to receive aggregate gross proceeds of approximately $37.7 million from the rights offering, subject to satisfaction of specified completion conditions.
What total financing has been raised for Frontier Power USA involving Eos Energy (EOSE)?
Including the rights offering, a Hudson Bay investment and a Cerberus commitment, approximately $263 million in gross proceeds have been raised in support of Frontier Power USA. This funding is expected to initially support more than $1 billion of deployable project capital.
Will Eos Energy (EOSE) warrants from the rights offering trade on Nasdaq?
Eos Energy has applied to list the warrants on the Nasdaq Capital Market under the symbol “EOSEW”. Approval is not assured; if the listing application is not approved, the warrants may not trade on Nasdaq when issued, or at all.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 21, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (732 ) 225-8400
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
Item 8.01 Other Events.
On July 23, 2026, Eos Energy Enterprises, Inc. (the “Company”) issued a press release to publicly announce the expiration and preliminary results of its previously-announced rights offering. The rights offering expired at 5:00 p.m., Eastern Time, on July 21, 2026 (the “Expiration Date”). Rights that were not exercised by the Expiration Date have expired and are no longer exercisable.
A copy of the press release related to the matters set forth herein is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statement and Exhibits.
(d) Exhibits
Exhibit Number | Description of Document | |||||||
99.1 | Press release of Eos Energy Enterprises, Inc., dated July 23, 2026 | |||||||
104 | Cover page of this Current Report on Form 8-K formatted in Inline XBRL | |||||||
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EOS ENERGY ENTERPRISES, INC. | |||||||||||
Dated: July 23, 2026 | By: | /s/ Alessandro Lagi | |||||||||
Name: | Alessandro Lagi | ||||||||||
Title: | Chief Financial Officer | ||||||||||
3
Eos Energy Announces Expiration and Results of Rights Offering PITTSBURGH, PA, July 23, 2026 — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage (LDES) systems sourced and manufactured in the United States, today announced results of its rights offering, which expired at 5:00 p.m. Eastern Time on July 21, 2026 (the “Expiration Date”). Rights that were not exercised by 5:00 p.m. Eastern Time on the Expiration Date have expired and are no longer exercisable. Pursuant to the rights offering, the Company distributed Rights to acquire an aggregate of 27,367,171 units (the “Units”) on July 2, 2026 (the “Distribution Date”) at a price per Unit of $5.481. Each Unit consists of one share of the Company’s common stock and 0.4388 of a warrant to purchase one share of the Company’s common stock at an exercise price of $5.481 per whole share. Based on a tabulation by Broadridge Corporate Issuer Solutions, Inc. (the “Subscription Agent”), as of the Expiration Date, the Company received subscriptions for 6,885,218 Units offered in the rights offering. The common stock and warrants comprising the Units will separate upon the closing of the rights offering and will be issued individually. The Company expects the Subscription Agent to distribute such shares and warrants, as well as the sale proceeds, on or about August 3, 2026. The Company expects to receive aggregate gross proceeds from the rights offering of $37.7 million. The Company elected to conduct the rights offering to provide an opportunity for holders of its common stock and holders of its warrants to purchase common stock issued on April 14, 2023, May 17, 2023, December 19, 2023 and November 21, 2025 as of 5:00 pm New York time on July 1, 2026 to participate in the equity financing on a pro rata basis. Including proceeds from the rights offering, the previously announced investment from Hudson Bay Capital Management, and the commitment from Cerberus Capital Management, approximately $263 million in gross proceeds have been raised in support of Frontier Power USA. This exceeds the Company’s target at the announcement of the planned formation of Frontier Power USA and is expected to initially support more than $1 billion of deployable project capital. The Company has applied to have the Warrants admitted to trading on the Nasdaq Capital Market under the symbol “EOSEW”. However, no assurance can be given that such listing application will be approved. If the Warrants listing application is not approved, the Warrants may not be traded on Nasdaq when issued, or at all. The Company conducted the rights offering pursuant to an effective shelf registration statement, including a base prospectus, under the Securities Act. The rights offering is being made only by means of a separate prospectus supplement (and the accompanying base prospectus), which contains the detailed terms of the rights offering and has been filed with the SEC on July 2, 2026. Copies of the prospectus supplement and accompanying prospectus relating to the rights offering may be obtained for free by visiting the Securities and Exchange Commission’s website at www.sec.gov. Questions about the rights offering and requests for copies of the prospectus relating to the rights offering may be directed to Sodali & Co., the Company’s information agent for the rights offering, at the address and phone number provided at the end of this release. The completion of the rights offering remains subject to the satisfaction of certain conditions.
2 This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Eos Energy Enterprises Eos is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. The Company’s BESS features the innovative Znyth™ technology, a proven chemistry with readily available non-precious earth components, that is the pre-eminent safe, non- flammable, secure, stable, and scalable alternative to conventional technology. The Company’s BESS is ideal for utility-scale, microgrid, commercial, and industrial long-duration energy storage applications (i.e., 4 to 16+ hours), and provides customers with significant operational flexibility to effectively address current and future increased grid demand and complexity. Contacts Eos Energy Enterprises, Inc. Investors: ir@eose.com Media: media@eose.com Information Agent Sodali & Co. (203) 658-9400 (For Banks and Brokers) (833) 225-0490 (Toll Free) EOSE.info@investor.sodali.com Forward Looking Statements and Important Information Except for the historical information contained herein, the matters set forth in this press release are forward- looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the rights offering, and our contemplated investment in Frontier Power USA. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to raise financing in the future; our ability to obtain stockholder approval of an increase to our authorized common stock; our ability to complete a rights offering to raise funds for purposes of capitalizing Frontier Power USA, including satisfying applicable conditions to the rights offering; risks associated with the joint venture, including the risk that the joint venture will not be completed on the anticipated terms if at all; risks
3 associated with the credit agreement with Cerberus, including risks of default, and dilution of outstanding common stock; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act, including potential impacts from any repeal or modifications of the legislation; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties indicated. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Should one or more of these risks or uncertainties materialize or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.