05:30 PM EST, 11/24/2025 (MT Newswires) -- Eos Energy Enterprises ( EOSE ) said late Monday it closed two offerings totaling about $1.04 billion.

The company raised about $580.5 million from its 1.75% convertible senior notes due 2031, with $600 million in aggregate principal amount issued. It also generated roughly $458.2 million from a registered direct sale of about 35.9 million shares at $12.78 each.

Eos used part of the proceeds to repurchase $200 million of its 6.75% convertible notes due 2030 and added about $474 million in cash to its balance sheet.

The company said it also issued the US Department of Energy a warrant to purchase up to 570,000 shares.

Shares of Eos Energy ( EOSE ) were up 2.5% in after-hours trading.