Joint VentureJun 30, 2026, 06:11 AM
Eos Energy Forms JV with CCM Frontier, HBC; Plans $150M Rights Offer
AI Summary
Eos Energy Enterprises, Inc. has entered into an amended and restated term sheet with CCM Frontier JV Holdco, LLC and HBC MSF Capital Solutions Blocker II LLC to form a joint venture. The JV Company will receive significant capital contributions, including $100 million from CCM Frontier and $50 million from HBC. Eos Energy's contribution will be partially financed by a rights offering targeting $150 million, with units priced at $5.481.
Key Highlights
- Eos Energy entered into an A&R Term Sheet to form a joint venture (JV Company) with CCM Frontier and HBC.
- CCM Frontier to contribute $100 million for 100,000,000 Class A-2 Units and receive 50,000,001 Class A-1 Units.
- HBC to contribute $50 million for 50,000,000 Class C Units.
- Eos Energy to contribute net proceeds from a registered direct offering and a rights offering to the JV Company.
- Rights Offering targets to raise $150 million from Eos Common Shares holders and warrant holders.
- Rights Offering units priced at $5.481, comprising one Eos Common Share and 0.4388 of a warrant.
- Warrants to purchase Eos Common Shares at an exercise price of $5.481.
Price Impact
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