Eos Energy Enterprises Announces $75M Equity Investment From Hudson Bay Capital Management In Support Of The Company's Commitment To The Fro

Hudson Bay has also committed to invest $50 million directly into FPUSA, subject to certain conditions. The commitment brings FPUSA’s expected equity investment up to approximately $375 million, assuming full subscription in the Company’s proposed rights offering. Under FPUSA's planned financing model, that equity base is expected to support more than $1.5 billion of deployable project capital at approximately 75% loan-to-value (LTV). The Hudson Bay investment is additive to the previously announced $100 million commitment from Cerberus Capital Management and Eos’ own expected contribution of up to $150 million, which the Company intends to fund through the upcoming rights offering. Hudson Bay’s $75 million investment into Eos is being made on the same economic terms as the planned rights offering and is expected to allow its participation in the offering as a holder of record. By str...