Eos Energy Enterprises, Inc. announced a private placement of convertible senior notes for gross proceeds of $100,000,000 on July 7, 2021. The transaction will include participation from Koch Strategic Platforms, LLC. The notes will have an initial conversion price of approximately $20.00 per share subject to customary anti-dilution adjustments. The company will settle its conversion obligations through the delivery of shares of common stock, cash, or a combination of cash and shares of common stock, at its’ election. The notes will mature in June 2026, unless earlier repurchased, redeemed or converted. Interest on the notes will be paid semi-annually, and the company is permitted to pay interest on the notes in cash or through the issuance of additional notes, at its election. Interest payments made in cash will be based on an interest rate of 5.0% per year, and interest payments made by issuing additional notes will be based on an interest rate of 6.0% per year.