Financing · · GlobeNewswire
Eos Updates Terms of Rights Offering to Fund Frontier Power USA Investment
EOSEEos Energy Enterprises, Inc.
Eos Energy Enterprises announced updated terms for a rights distribution of subscription rights to holders of its common stock and certain warrants. Eligible holders can acquire units at $5.481 per unit, representing an approximate 10% discount to the June 29 closing price. Each unit consists of one share of common stock and 0.4388 of a warrant exercisable at $5.481 per share. The offering aims to fund Eos's capital contribution to the Frontier Power USA joint venture. Record date is July 1, 2026, with distribution on July 2, 2026. Eos Energy Enterprises designs and manufactures zinc-based long-duration energy storage systems.