Completed Rights Offering, Together With Hudson Bay Capital Management and Cerberus Capital Management Investments, Delivers Equity Raised Above the $250 Million Target
Eos Energy Enterprises completed its rights offering, raising approximately $37.7 million in gross proceeds to fund its investment in the Frontier Power USA joint venture. The joint venture's initial capitalization is expected to reach approximately $263 million, exceeding the $250 million target through contributions from Eos, Hudson Bay Capital, and Cerberus Capital Management.
Key figures
- Deal Value Usd
- 263000000
- Pipeline gwh
- 16 GWh
- Eos jv contribution
- $113 million
- Under construction gwh
- 1.8 GWh
- Cerberus jv contribution
- $100 million
- Rights offering proceeds
- $37.7 million
- Deployable project capital
- $1 billion
- Hudson bay jv contribution
- $50 million
AI analysis
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