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Get filing alertsRed Flags Detected
- Going Concern (new) — Auditor's report includes a going-concern explanatory paragraph, and management has concluded substantial doubt about the company's ability to continue as a going concern.
- Nyse Delisting Risk (new) — Company received a delisting notice from NYSE for failing minimum market capitalization and stockholders' equity standards.
- Dilution (new) — New investors incur immediate dilution of $0.43 per share because offering price exceeds net tangible book value per share.
ESS Tech prices $1.75/share registered direct offering of 3.47M shares plus pre-funded warrants for up to 5.1M shares, raising $14.1M gross
Filed January 30, 2026 · ~1 min read
Key Changes
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Company sells 3,471,428 common shares at $1.75 and pre-funded warrants for up to 5,100,000 shares at $1.74999 each; gross proceeds before expenses are $14.1M.
The Offering verify on EDGAR → -
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Net proceeds to the company are estimated at $13.5M after placement agent fees and expenses, to be used for working capital and general corporate purposes.
Use of Proceeds verify on EDGAR → -
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New investors pay $1.75 per share while as-adjusted net tangible book value is $1.32, resulting in immediate dilution of $0.43 per share.
Dilution verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify