Eos Energy forms $300M+ joint venture with Cerberus and Hudson Bay, plans $150M rights offering

Filed June 30, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

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  Eos will form a joint venture with Cerberus ($100M) and Hudson Bay ($50M), raising over $300M total including a $150M rights offering to existing shareholders at $5.481 per unit (one share plus 0.4388 warrant).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Cerberus will control the JV board with 4 of 7 seats versus Eos's 3 seats. Hudson Bay can convert its $50M stake into Eos common stock at $15-$20/share through year-end 2026, well above the $5.481 offering price.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Eos will issue warrants to purchase ~30M shares to partners (20M to Cerberus, 10M to Hudson Bay) at $5.481, exercisable over 10 years, representing significant potential dilution beyond the rights offering.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →