Certain Stock Options of Eos Energy Enterprises, Inc. are subject to a Lock-Up Agreement Ending on 13-FEB-2024.
February 12, 2024
Share
Certain Stock Options of Eos Energy Enterprises, Inc. are subject to a Lock-Up Agreement Ending on 13-FEB-2024. These Stock Options will be under lockup for 61 days starting from 14-DEC-2023 to 13-FEB-2024.
Details:
The executive officers, directors and certain stockholders have entered into a lock-up period for a period of 60 days after the date of the pricing of the offering.
Eos Energy Enterprises, Inc. designs, develops, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial applications. The Company has developed a range of intellectual property with multiple patents covering battery chemistry, mechanical product design, energy block configuration and a software operating system (Battery Management System or BMS). The BMS software uses proprietary Eos-developed algorithms and includes ambient and battery temperature sensors, as well as voltage and electric current sensors for the electrical strings and the system. It focuses on manufacturing and selling turn-key direct current (DC) battery energy storage systems. It also plans to develop a turn-key alternating current (AC) system. The Company offers an advanced Znyth technology battery energy storage system (BESS) designed to provide the operating flexibility to manage increased grid complexity. Its primary market is North America.