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Eos Energy Enterprises Launches Registered Direct Offering

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Eos Energy Enterprises (EOSE) commenced a registered direct offering of common stock and warrants, the company said Tuesday.

The offering's terms were not disclosed and the transaction remains subject to customary closing conditions.

Proceeds from the offering, along with proceeds from its proposed rights offering, will be used to fund the company's investment in Frontier Power USA Parent.

Shares of Eos Energy fell more than 2% in recent premarket trading Tuesday.

Price: $5.95, Change: $-0.14, Percent Change: -2.30%

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