Item 8.01. Other Events. Securities Purchase Agreement On July 1, 2026, the Company issued 13,683,634 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”), and 6,004,378 warrants (the “Warrants” and, together with the Shares, the “Securities”), each warrant to purchase one share of common stock at an exercise price of $5.481 per share, in its previously…
Eos is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. The Company’s BESS features the innovative Znyth™ technology, a proven chemistry with readily available non-precious earth components, that is the pre-eminent safe, non-flammable, secure, stable, and scalable alternative to conventional lithium-ion technology. The Company’s BESS is ideal for utility-scale, microgrid, commercial, and industrial long-duration energy storage applications (i.e., 4 to 16+ hours), and provides customers with significant operational flexibility to effectively address current and future increased grid demand and complexity.
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Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
Securities Purchase Agreement
On July 1, 2026, the Company issued 13,683,634
shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”), and 6,004,378
warrants (the “Warrants” and, together with the Shares, the “Securities”), each warrant to purchase one share
of common stock at an exercise price of $5.481 per share, in its previously announced registered direct offering (the “Offering”)
pursuant to that certain securities purchase agreement, by and between the Company and Hudson Bay Master Fund Ltd., an affiliate of Hudson
Bay Capital Management LP (the “Purchaser” and, such agreement, the “Purchase Agreement”). Each Share was offered
and sold together with 0.4388 of an accompanying Warrant at an aggregate offering price of $5.481. The Warrants are governed by the Warrant
Agreement (as defined below).
The offering of the Securities and the shares of
Common Stock underlying the Warrants (the “Warrant Shares”) was made pursuant to the Company’s registration statement
on Form S-3 (File No. 333-295819) (the “Registration Statement”), as supplemented by a preliminary prospectus supplement,
dated June 30, 2026, and a final prospectus supplement, dated June 30, 2026, each filed with the Securities and Exchange Commission pursuant
to Rule 424(b) under the Securities Act.
In connection with the Offering, the legal opinion
as to the legality of the Securities issued in the Offering and the Warrant Shares is being filed as Exhibit 5.1 to this Current Report
on Form 8-K and is incorporated herein and into the Registration Statement by reference.
Warrant Agreement
In connection with the Offering, the Company entered
into a warrant agreement (the “Warrant Agreement”) dated June 30, 2026, by and between the Company and Continental Stock Transfer
& Trust Company, as warrant agent, which governs the terms of the Warrants. The Warrants will expire on the tenth (10th) anniversary
of date of issuance. Upon issuance, the Warrants will entitle the Purchaser to purchase up to an aggregate of 6,004,378 Warrant Shares
at an exercise price of $5.481 per share, subject to certain adjustments as described below.
The Warrants may be exercised for cash or on a
cashless basis. The Warrants may be exercised upon surrender of the Warrants, together with a notice of exercise, to the Company. Promptly
after the Purchaser exercises the Warrants and, if applicable, the Company receives payment for the Warrant Shares issuable upon such
exercise, the Company will deliver or cause to be delivered to the Purchaser certificates for the shares acquired and, if the Warrants
have not been fully exercised and have not expired, new warrants of like tenor representing warrants to purchase the Warrant Shares not
yet acquired. If, upon exercise of the Warrants, the Purchaser would be entitled to receive a fractional interest in a share of Common
Stock, the Company shall round down to the nearest whole number, the number of shares of Common Stock to be issued to the Purchaser.
The Purchaser will not have the rights or privileges
of holders of Common Stock of the Company and any voting rights until it exercises the Warrants and receives Warrant Shares. After the
issuance of Warrant Shares upon exercise of the Warrants, in whole or in part, the Purchaser will be entitled to one (1) vote for each
share of Common Stock held of record on all matters to be voted on by stockholders.
The Warrants contain customary anti-dilution adjustments
upon the occurrence of any dividend on shares of Common Stock payable in Common Stock, or any subdivision or combination with respect
to the Common Stock. Upon the occurrence of any fundamental transaction, the Warrants will become exercisable for the same securities,
cash, and property as would be payable for the shares issuable upon exercise of the unexercised portion of the Warrants as if such shares
were outstanding on the record date for the acquisition and subsequent closing, and the exercise price shall be adjusted accordingly.
This description of the Warrant Agreement and
the Warrant does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the
Warrant Agreement and the Form of Warrant, which is attached as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form
8-K, and is incorporated herein by reference.
Filed exhibits (1)
EX-4.1 (by filename) dp249372_ex401.htm
EX-4.1
2
dp249372_ex401.htm
EXHIBIT 4.1
Exhibit 4.1
WARRANT AGREEMENT
THIS
WARRANT AGREEMENT (this “ Agreement ”), dated as of June 30, 2026, is by and between Eos Energy Enterprises,
Inc., a Delaware corporation (the “ Company ”), and Continental Stock Transfer & Trust Company, a New York
corporation, as warrant agent (in such capacity, the “ Warrant Agent ”, and also referred to herein as the “ Transfer
Agent ”).
WHEREAS,
the Company has agreed to issue to Hudson Bay Master Fund Ltd. (the “ Purchaser ”), and the accounts, if any,
on behalf of which the Purchaser may be acting, 6,004,378 warrants (the “ Warrants ”) to purchase shares of the
Company’s common stock, par value $0.0001 per share (the “ Common Stock ”), on the terms and subject to
the conditions set forth in the Share Purchase Agreement, dated as of June 30, 2026, by and between the Company and the Purchaser;
WHEREAS,
each whole Warrant entitles the holder thereof to purchase one share of Common Stock at a price of $5.4810 per whole share, subject
to adjustment in either case as described herein;
WHEREAS,
the Company has filed with the U.S. Securities and Exchange Commission (the “ Commission ”) a registration…