Eos Energy forms $100M joint venture with Cerberus, plans $150M rights offering to shareholders

Filed May 13, 2026 · Period ending May 12, 2026 · ~2 min read

Key Changes

• high

  Eos entered binding term sheet with Cerberus affiliate to form joint venture. Cerberus invests $100M cash; Eos contributes proceeds from $150M rights offering to existing shareholders. Cerberus controls JV board with 4 of 7 seats.

  Item 1.01 verify on EDGAR →
• high

  Company will issue Cerberus a warrant to buy $75M of common stock at 20% discount to market price, exercisable for 10 years. Combined with rights offering, represents significant dilution for shareholders who don't participate.

  Item 1.01 verify on EDGAR →
• high

  Deal requires four approvals: completion of $150M rights offering, Department of Energy consent, shareholder vote to increase authorized shares, and execution of commercial framework agreement. Any failure blocks closing.

  Item 1.01 verify on EDGAR →