07:28 AM EDT, 05/30/2025 (MT Newswires) -- Eos Energy Enterprises ( EOSE ) said Friday it priced an offering of about 18.8 million shares at $4.00 per share.

The energy storage company said it has also granted underwriters a 30-day option to purchase up to 2.8 million additional shares.

Net proceeds of the offering, expected to close on June 2, will be $70.5 million, or $81.1 million if the underwriters fully exercise their option to purchase additional shares, the company said.

The company added that it plans to use the net proceeds to pay down debt.