Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company") today announced that it has commenced a registered direct offering (the "Offering") of common stock and warrants. The Offering is being made pursuant to the Securities Act of 1933, as amended (the "Securities Act"). The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, if at all, or as to the actual size or terms of the Offering.

Eos expects to use the net proceeds from the Offering as well as any proceeds from its proposed rights offering to fund its contribution to Frontier Power USA Parent, LLC. The closing of this Offering is subject to customary closing conditions.