On September 10, 2024, Eos Energy Enterprises, Inc. held a Special Meeting of Stockholders where two key proposals were approved. The first proposal was to authorize the issuance of additional shares of Common Stock beyond the 19.99% limit set by Nasdaq Marketplace Rule 5635(d), related to a Credit Agreement and Purchase Agreement with CCM Denali Equity. The second proposal allowed for the adjournment of the Special Meeting if necessary. Both proposals passed with significant majorities. Additionally, on September 11, 2024, Eos Energy filed with the Delaware Secretary of State the Certificates of Designation for Series B-1 and Series B-2 Non-Voting Convertible Preferred Stock. These stocks have high original issue prices and are convertible into shares of Common Stock, with the Series B Preferred Stock...Show More

On September 10, 2024, Eos Energy Enterprises, Inc. held a Special Meeting of Stockholders where two key proposals were approved. The first proposal was to authorize the issuance of additional shares of Common Stock beyond the 19.99% limit set by Nasdaq Marketplace Rule 5635(d), related to a Credit Agreement and Purchase Agreement with CCM Denali Equity. The second proposal allowed for the adjournment of the Special Meeting if necessary. Both proposals passed with significant majorities. Additionally, on September 11, 2024, Eos Energy filed with the Delaware Secretary of State the Certificates of Designation for Series B-1 and Series B-2 Non-Voting Convertible Preferred Stock. These stocks have high original issue prices and are convertible into shares of Common Stock, with the Series B Preferred Stock holders entitled to dividends and liquidation distributions on par with Common Stock. The holders of Series B Preferred Stock also have rights to appoint directors to the board under certain ownership thresholds. On September 12, 2024, conversions of Series A-1 and A-2 Preferred Stock held by CCM Denali Equity into Series B-1 and B-2 Preferred Stock were completed, which were not registered under the Securities Act but issued in reliance on an exemption.