ESS Tech prices private placement warrants for 12,800,000 shares at $0.5 each - GWH News | RalliesESS Tech prices private placement warrants for 12,800,000 shares at $0.5 each
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GWH• Private placement and registered direct offering
- ESS Tech priced a registered direct offering of 6,400,000 shares at USD 0.5, paired with a concurrent private placement of warrants.
- Warrants cover up to 12,800,000 shares at an exercise price of USD 0.5, exercisable after stockholder approval.
- Gross proceeds expected at about USD 3.2 million; closing targeted around Aug. 21, 2026.
- Net proceeds earmarked for general corporate purposes, supported by existing cash.
