GlobeNewswire·Jun 30, 2026, 7:45 AM ET

Eos Announces Pricing of Registered Direct Offering of Common Stock and Warrants to Fund Investment in Frontier Power USA

Eos Energy Enterprises priced a registered direct offering to Hudson Bay Capital Management for 13,683,634 common shares & 6,004,378 warrants at $5.481 per share & warrant.
The offering is expected to raise approximately $75 million in proceeds, excluding future warrant exercises.
Net proceeds will fund Eos' contribution to Frontier Power USA Parent, LLC (FPUSA), alongside a separate $50 million direct investment commitment from Hudson Bay Capital into FPUSA.
These investments contribute to FPUSA's total expected equity base of $375 million, which aims to support over $1.5 billion in deployable project capital at a 75% loan-to-value ratio.
FPUSA currently holds a pipeline of approximately 16 GWh of long-duration energy storage projects, with 2.7 GWh representing high-probability conversion opportunities.
Eos & FPUSA maintain a 2 GWh manufacturing capacity reservation agreement, with 25% already allocated to advancing projects.
The offering is conducted under an effective shelf registration statement & is expected to close on July 1, 2026, subject to customary closing conditions.