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