NasdaqCM:EOSEElectrical
Eos Energy (EOSE) Secures $225 Million To Back Frontier Power USA Plans
Eos Energy Enterprises (NasdaqCM:EOSE) agreed to a $75 million direct offering and a $150 million rights distribution tied to its Frontier Power USA joint venture.
The financing package is designed to support long duration energy storage projects and a project pipeline linked to more than $1.5b in potential financing.
New institutional partners are providing direct equity commitments that reshape the company's capital structure and funding options.
Eos Energy Enterprises comes into this...