Eos Energy Enterprises, Inc. (EOSE) on Thursday announced the pricing of a registered direct offering of 35.86 million shares at $12.78 per share. The offering is expected to close on November 24, 2025.
Separately, the company priced $525 million of 1.75% convertible senior notes due 2031 in a private offering, increasing the deal size from a previously planned $500 million. Eos also granted the initial purchasers an option to buy up to an additional $75 million of the notes.
The initial conversion rate is 61.3704 shares per $1,000 principal amount, implying a conversion price of about $16.29 per share, representing a 27.5% premium to the closing share price on November 19.
Eos estimates net proceeds from the notes offerings will total approximately $507.9 million, or about $580.5 million if the purchasers fully exercise their additional notes option.
In conjunction with the pricing, the company entered into agreements with a limited number of holders of its existing 6.75% convertible senior notes due 2030 to repurchase $200 million of those notes for roughly $564.6 million, including interest.
Eos said it plans to use the proceeds of about $458.2 million from the stock offering, along with proceeds from the notes offering, to fund the repurchase of a portion of its 2030 notes, and for general corporate purposes.
The issuance and sale of the new notes are expected to settle on November 24.
Eos shares rose more than 4% in pre-market trading after closing at $12.78 on Wednesday.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.