Eos Energy ( NASDAQ: EOSE ) +2.2% post-market Thursday after saying several investors including Clear Creek Investments, Ardsley Advisory Partners and AltEnergy made a $13.75M investment in convertible senior notes to support the company's strategic growth initiatives.
Under the deal terms of the investment, the buyers will purchase $13.75M in aggregate principal amount of the company's 26.5% convertible senior PIK notes due 2026 with an initial conversion price of ~$1.67/share.
Citing Eos Energy's ( EOSE ) strong revenue growth visibility from its backlog, Stifel recently started coverage of the stock with a Buy rating .
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Eos Energy investors buy $13.75M in convertible senior notes