09:01 AM EDT, 05/29/2025 (MT Newswires) -- Eos Energy Enterprises ( EOSE ) said Thursday it has launched a $75 million common stock offering and plans to start a private offering of $175 million convertible senior notes due 2030.

The underwriters of the common stock offering a 30-day option to buy up to about $11.3 million of additional shares and the initial purchasers of the notes a 13-day option to buy up to roughly $26.3 million of additional notes, the company said.

Eos Energy ( EOSE ) also said it expects to use the net proceeds from the offerings to repurchase an outstanding note, to prepay part of the amount due under a credit deal, and for general corporate purposes.

The company's shares were down more than 15% in recent Thursday premarket activity.