Eos Energy Announces Updated Terms for Rights Offering

About this update from Eos Energy Enterprises, Inc.

EDISON, N.J., June 30, 2026 (GLOBE NEWSWIRE) -- 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 certain updated terms of a distribution (the "Rights Distribution") of subscription rights to 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 (collectively, "Eligible Holders") to acquire shares of the Company's common stock and warrants to purchase shares of the Company's common stock in a rights offering to fund the Company's previously announced capital contribution in the Frontier Power USA joint venture. In the rights offering, the Company expects to distribute rights to acquire a number of units, comprised of the Company's common stock and warrants (the "Units"). As previously announced, the record date for the Rights Distribution will be at 5:00 pm New York time on July 1, 2026 (the "Record Date") and the distribution date for the Rights Distribution will be on July 2, 2026. Each right is expected to entitle an Eligible Holder to purchase, pursuant to the basic subscription privilege, approximately 0.0714 of a Unit at a subscription price equal to $5.481 per whole Unit, an approximate 10% discount to the closing price of the Company's common stock on June 29, 2026. Each Unit shall consist of one share of our common stock and 0.4388 of a Warrant, with each whole warrant entitling the holder to purchase one share of our common stock at an exercise price of $5.481 per share, subject to adjustment. The exact number of Units that each right entitles an Eligible Holder to purchase will be calculated as of the Record Date. The expected pricing terms are consistent with the pricing terms of the Company's previously announced registered direct offering. The rights offering will include an over-subscription privilege to permit each Eligible Holder that exercises its basic subscription rights in full to purchase additional Units (if any) that remain unsubscribed on the expiration date for the offering, subject to certain restrictions. Further details on the terms of the rights offering and the procedures pursuant to which Eligible Holders can exer...

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