Eos Energy Enterprises Inc (EOSE)

Shares of Eos Energy Enterprises Inc (EOSE) dropped by 32.74% from $1.68 to $1.13 in the trading on Friday, December 15, 2023. The reason why EOSE down today is due to the company' announcement of an underwritten public offering, comprising 34,482,759 common stock shares and accompanying common warrants. The combined offering price was $1.45 per share, with warrants exercisable at $1.60 per share, valid for five years from issuance. Eos expected to raise approximately $50 million in gross proceeds before expenses.