Eos Energy Enterprises, Inc. has announced plans to issue Series A and Series B Preferred Stock along with Warrants in a financing arrangement with CCM Denali Equity Holdings, LP. The Series A Preferred Stock will be non-voting and non-convertible, whereas the Series B Preferred Stock will be convertible into common stock, featuring anti-dilution adjustments and pre-emptive rights. The issuance is pending Requisite Stockholder Approval and will be offered under exemptions from registration according to Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D. The agreement includes detailed terms regarding dividends, liquidation preferences, voting, conversion, and redemption rights, as well as Beneficial Ownership Limitation and dispute resolution. It also ensures that Eos Energy Enterprises will continue to be taxed as a corporation in the U.S. The transaction is supported by a Securities Purchase Agreement, Credit and Guaranty Agreement, Certificates of Designation, and Warrants, and is characterized as an arm's-length commercial transaction.

Eos Energy Enterprises, Inc. has announced plans to issue Series A and Series B Preferred Stock along with Warrants in a financing arrangement with CCM Denali Equity Holdings, LP. The Series A Preferred Stock will be non-voting and non-convertible, whereas the Series B Preferred Stock will be convertible into common stock, featuring anti-dilution adjustments and pre-emptive rights. The issuance is pending Requisite Stockholder Approval and will be offered under exemptions from registration according to Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D. The agreement includes detailed terms regarding dividends, liquidation preferences, voting, conversion, and redemption rights, as well as Beneficial Ownership Limitation and dispute resolution. It also ensures that Eos Energy Enterprises will continue to be taxed as a corporation in the U.S. The transaction is supported by a Securities Purchase Agreement, Credit and Guaranty Agreement, Certificates of Designation, and Warrants, and is characterized as an arm's-length commercial transaction.