Eos Energy plans equity, convertible notes offerings; shares down

2025-11-19 05:27

Eos Energy (EOSE) commenced a registered direct common-stock offering to a limited number of investors.
EOSE simultaneously plans a private offering of $500M in convertible senior notes due 2031, with an additional $75M option for initial purchasers.
Proceeds from both offerings are expected to fund partial repurchases of Eos’s existing 6.75% convertible senior notes due 2030 and for general corporate purposes.
Eos intends to negotiate private transactions to repurchase portions of the 2030 notes.
Eos also plans a concurrent registered direct equity offering, which is contingent on completion of the note offering.
EOSE shares down 8.2% post-market.

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