Joint VentureAug 6, 2026, 04:41 PM
Eos Energy, Cerberus, Hudson Bay Invest $262.6M in Frontier Power JV
AI Summary
Eos Energy Enterprises, Inc., CCM Frontier JV Holdco, LLC, and HBC MSF Capital Solutions Blocker II LLC entered into an Amended and Restated Limited Liability Company Agreement for Frontier Power USA Parent, LLC, formalizing their joint venture. Eos contributed over $112.6 million, CCM Frontier contributed $100 million, and HBC contributed $50 million to the JV Company. Eos also issued warrants to CCM Frontier and HBC, allowing them to purchase Eos common shares at an exercise price of $5.481 per share. The JV Company will be managed by a seven-member board, with CCM Frontier appointing four and Eos appointing up to three.
Key Highlights
- Eos Energy, CCM Frontier, and HBC formalized a joint venture for Frontier Power USA Parent, LLC.
- Eos contributed $112,637,878.86 for 112,637,879 Class B Units in the JV Company.
- CCM Frontier contributed $100,000,000 for 100,000,000 Class A-2 Units and received 50,000,001 Class A-1 Units.
- HBC contributed $50,000,000 for 50,000,000 Class C Units in the JV Company.
- Eos issued warrants for 20,017,772 shares to CCM Frontier and 10,008,886 shares to HBC, exercise price $5.481.
- The JV Company board will have 7 members: 4 appointed by CCM Frontier, up to 3 by Eos.
- Total cash investment into the JV Company by the three parties is $262,637,878.86.
Price Impact
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