ESS Tech signs LOI for energy-sector business combination valuing merged group at $515 million
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GWH• Value to ESS Tech
The value attributable to ESS Tech is expected to represent a premium to its market capitalization when a definitive agreement is signed.
The letter of intent does not obligate either party to complete the transaction.
Proposed business combination
A non-binding letter of intent was signed on Aug. 6, 2026 for a proposed business combination with a private energy-sector company.
The contemplated transaction implies an expected combined enterprise value of about $515 million.
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ESS Tech signs LOI for energy-sector business combination valuing merged group at $515 million - GWH News | Rallies
