Eos Energy Enterprises, Inc. has communicated to its employees about an upcoming Special Meeting of stockholders scheduled for September 10, 2024. The purpose of the meeting is to vote on two proposals related to a credit agreement with Cerberus Capital Management. The first proposal, known as the Issuance Cap Proposal, seeks authorization for the company to issue more than 19.99% of its common stock under the terms of the Cerberus Credit Facility. The second, the Adjournment Proposal, would allow the company to adjourn the Special Meeting to a later date if necessary to solicit additional proxies if there are insufficient votes for the Issuance Cap Proposal or in the absence of a quorum. The Board of Directors recommends a vote in favor of...Show More

Eos Energy Enterprises, Inc. has communicated to its employees about an upcoming Special Meeting of stockholders scheduled for September 10, 2024. The purpose of the meeting is to vote on two proposals related to a credit agreement with Cerberus Capital Management. The first proposal, known as the Issuance Cap Proposal, seeks authorization for the company to issue more than 19.99% of its common stock under the terms of the Cerberus Credit Facility. The second, the Adjournment Proposal, would allow the company to adjourn the Special Meeting to a later date if necessary to solicit additional proxies if there are insufficient votes for the Issuance Cap Proposal or in the absence of a quorum. The Board of Directors recommends a vote in favor of both proposals. Only employees who acquired shares in the open market or had shares vested by July 31, 2024, are eligible to vote. The company has provided instructions for voting through proxy and has made the definitive proxy statement available online. This communication also includes forward-looking statements regarding the company's strategic outlook and the anticipated use of proceeds from the credit facility.