NEWS
Eos Energy Achieves Second Set of Performance Milestones Related to Cerberus Strategic Investment
TURTLE CREEK, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced the successful achievement of all four of the second performance milestones previously agreed upon between Eos and an affiliate of Cerberus Capital Management LP ("Cerberus") as part of Cerberus's strategic investment in the Company. Achieving these performance milestones enables the Company to draw an additional $65 million from the Delayed Draw Term Loan.
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Methodman10 : that's very big, staying ahead of options and this might lead to a good earnings report. think it's about to be on a big move again
Methodman10 : was at 2.19 the last time they had this type of news.