EOSE - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Eos Energy Enterprises Inc. (EOSE) | Benzinga
LOS ANGELES, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming October 2, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Eos Energy Enterprises, Inc. ("Eos" or the "Company") (NASDAQ:EOSE) securities between May 9, 2022 and July 27, 2023, inclusive (the "Class Period").
If you suffered a loss on your Eos investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Eos-Energy-Enterprises-Inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On July 27, 2023, during market hours, Iceberg Research ("Iceberg") published a report titled "62% Of 's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." Iceberg elaborated that "Bridgelink Commodities, accounts for half of EOS's backlog by MWh or ~62% ($331 million) of its total dollar value" but that Iceberg "decided to dig into this customer's background and uncovered a group whose assets were recently seized by a creditor and sold in an auction." Iceberg added that "[w]e wonder how EOS can ...
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