0001805077FALSE00018050772021-08-112021-08-110001805077us-gaap:CommonStockMember2021-08-112021-08-110001805077us-gaap:WarrantMember2021-08-112021-08-11

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 30, 2021
EOS ENERGY ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-39291 84-4290188
(State or other jurisdiction
of incorporation) 		(Commission
File Number) 		(IRS Employer
Identification No.)
3920 Park Avenue
Edison, New Jersey 08820
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (732) 225-8400
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock, par value $0.0001 per share EOSE The Nasdaq Stock Market LLC
Warrants, each exercisable for one share of common stock EOSEW The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




1

Item 1.01 Entry Into a Material Definitive Agreement.

On September 30, 2021, HI-POWER LLC, a wholly owned subsidiary of Eos Energy Enterprises Inc. (the "Company") entered into a $25 million Equipment Financing Agreement (the "Financing Agreement") with Trinity Capital Inc. ("Trinity"), the proceeds of which will be used to acquire certain equipment and other property, subject to Trinity's approval. In accordance with the Financing Agreement, up to $5 million of the $25 million shall be drawn upon execution of the agreement, with the remaining $20 million fundable upon the Company's request no later than September XX, 2022, subject to certain customary conditions.

In connection with the Financing Agreement, the Company executed a corporate guaranty ("Guaranty") in favor or Trinity. As the guarantor, the Company unconditionally and irrevocably guarantees the obligation under the Financing Agreement.

The foregoing descriptions of the Financing Agreement and Guaranty do not purport to be complete and are qualified in their entirety by reference to the Financing Agreement and Guaranty, which are filed herewith as Exhibits 10.1 and 10.2 and incorporated herein by reference.

A copy of the Company's press release announcing the entry into the Financing Agreement is filed as Exhibit 99.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information required by this Item is included in Item 1.01 above and is incorporated herein by reference.
Item 9.01 Financial Statement and Exhibits.
(d) Exhibits
Exhibit
Number 		  Description of Document
     
10.1  
10.2
99.1
104
Cover page of this Current Report on Form 8-K formatted in Inline XBRL
2

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EOS ENERGY ENTERPRISES, INC.
Dated: October 5, 2021 By: /s/ Sagar Kurada
Name: Sagar Kurada
Title: Chief Financial Officer
3
B Riley Principal Merger... (NYSE:BMRG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more B Riley Principal Merger... Charts.
B Riley Principal Merger... (NYSE:BMRG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more B Riley Principal Merger... Charts.