10:20 AM EDT, 10/14/2025 (MT Newswires) -- ESS Tech ( GWH/WS ) said Tuesday it closed a $40 million financing transaction that provides immediate capital of $30 million.

The transaction with Yorkville Advisors Global-managed investment fund YA II PN also provides an additional $10 million available upon execution of an at-the-market sales deal with Yorkville affiliate Yorkville Securities, ESS Tech ( GWH/WS ) said.

The financing transaction is structured as a one-year promissory note that can be repaid in cash or from part of the proceeds from equity issuances under ESS Tech's ( GWH/WS ) capital raising arrangements, the company said.

ESS Tech ( GWH/WS ) shares were down over 15% in recent trading.

Price: 7.69, Change: -1.36, Percent Change: -15.03