Summary by Moomoo AI
On September 10, 2024, Eos Energy Enterprises, Inc. received stockholder approval at a Special Meeting for a significant transaction involving Cerberus Capital Management II, L.P., CCM Denali Equity Holdings, LP, and CCM Denali Equity Holdings GP, LLC (collectively referred to as the Reporting Persons). Following this approval, on September 12, 2024, a conversion of securities took place where 59 shares of Series A-1 Preferred Stock and 7 shares of Series A-2 Preferred Stock held by CCM Denali Equity were converted into Series B-1 and Series B-2 Preferred Stock, respectively. These Series B Preferred Stocks are convertible into a total of 60,746,526 shares of Common Stock, representing 32.4% of the class. The Series B Preferred Stock comes with rights including the appointment of directors to the board based...Show More
