Summary by Moomoo AI
Cerberus Capital Management II, L.P., along with its associated entities CCM Denali Equity Holdings, LP, and CCM Denali Equity Holdings GP, LLC, collectively known as the Reporting Persons, filed an Amendment No. 1 to the Schedule 13D with the Securities and Exchange Commission (SEC) on July 29, 2024. This amendment follows their initial filing on June 28, 2024. The Reporting Persons disclosed ownership of 43,276,194 shares of common stock in Eos Energy Enterprises, Inc., which represents 16.7% of the company based on the number of shares outstanding as of June 21, 2024. These shares are issuable upon the exercise of a Warrant as defined in the original Schedule 13D. Furthermore, on July 24, 2024, the holders of the Series A-1 Preferred Stock of Eos Energy Enterprises, Inc. elected Gregory S. Nixon, an employee of an affiliate of the Reporting Persons, to serve on the Board of Directors of the company. The filing indicates that the Reporting Persons have significant influence over the company, with the ability to affect decisions at the board level.