EOSE on Nasdaq

Eos Energy Enterprises, Inc.

American miscellaneous electrical machinery company based in Edison2

In its 2026 annual report the company says: “The Company designs, develops, manufactures and markets zinc‑based energy storage systems intended for utility‑scale, microgrid and commercial and industrial applications. The Company believes its technology serves as a viable alternative to lithium‑ion batteries for long‑duration energy storage use cases. The Company has developed a broad intellectual property portfolio, including multiple patents covering its battery chemistry, mechanical product design, energy block configuration and proprietary software operating system, the Battery Management System.”12 Its shares trade on Nasdaq under the symbol EOSE.2

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with Byrna Technologies Inc., Gauzy Ltd. or Blink, or pick any stock.

  • TickerEOSE on Nasdaq2
  • IndustryMiscellaneous Electrical Machinery, Equipment & Supplies2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business addressTwo Allegheny Center, Nova Tower 2, Pittsburgh, Pa 152123
  • Filer categoryNon-accelerated filer3
  • Legal formCorporation2
  • LEI529900UCCJMLRGDXVT412
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 74498882

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-125.9%Gross margin4
-227.0%Operating margin4
-849.1%Net margin4
631.8%Revenue growth, 20254
-$265.0MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 98% of the revenue Eos Energy Enterprises, Inc. broke down this way in fiscal 2025.

  1. Product$112.0M498%up 672% from 2024
  2. Service$2.2M42%up 102% from 2024
Products and services by year
Products and services20242025
Product$14.5M$112.0M
Service$1.1M$2.2M

Regions

United States brought in 81% of the revenue Eos Energy Enterprises, Inc. broke down this way in fiscal 2025.

  1. United States$92.7M481%up 494% from 2024
  2. United Kingdom$21.5M419%
Regions by year
Regions20242025
United States$15.6M$92.7M
United Kingdom$0$21.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue69¢$258.0M
  • Research and development8¢$28.5M
  • Selling, general and admin23¢$85.1M
  • Income tax0¢$24.0K

Out of $114.2M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$114.2M in 2025+22925% since 2019
0$50.0M$100.0M$150.0M2019: $496.0K$496.0K20192020: $219.0K$219.0K2020−56%2021: $4.6M$4.6M2021+2000%2022: $17.9M$17.9M2022+290%2023: $16.4M$16.4M2023−9%2024: $15.6M$15.6M2024−5%2025: $114.2M$114.2M2025+632%
Gross profit84-$143.8M in 2025+96% since 2023
-$150.0M-$100.0M-$50.0M02023: -$73.4M-$73.4M20232024: -$83.3M-$83.3M2024+13%2025: -$143.8M-$143.8M2025+73%
Operating income56784-$259.3M in 2025+866% since 2019
-$300.0M-$200.0M-$100.0M02019: -$26.8M-$26.8M20192020: -$38.7M-$38.7M2020+44%2021: -$134.7M-$134.7M2021+248%2022: -$221.3M-$221.3M2022+64%2023: -$152.9M-$152.9M2023−31%2024: -$175.2M-$175.2M2024+15%2025: -$259.3M-$259.3M2025+48%
Net income56784-$969.6M in 2025+1120% since 2019
-$1.0B-$750.0M-$500.0M-$250.0M02019: -$79.5M-$79.5M20192020: -$70.6M-$70.6M2020−11%2021: -$124.2M-$124.2M2021+76%2022: -$229.8M-$229.8M2022+85%2023: -$229.5M-$229.5M2023−0%2024: -$685.9M-$685.9M2024+199%2025: -$969.6M-$969.6M2025+41%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenue$114.2M$15.6M
Cost of goods sold$258.0M$98.9M
Gross profit (loss)-$143.8M-$83.3M
Research and development expenses$28.5M$22.8M
Selling, general and administrative expenses$85.1M$60.0M
Loss from write-down of property, plant and equipment$1.8M$9.1M
Total operating expenses$115.4M$91.9M
Operating income (loss)-$259.3M-$175.2M
Change in fair value of debt - related party$18.1M$33.8M
Change in fair value of warrants-$279.9M-$171.2M
(Loss) gain on debt extinguishment-$52.7M$68.5M
Induced conversion expense-$63.5M$0
Other expense-$2.4M-$8.1M
Loss before income taxes-$969.6M-$685.8M
Income tax expense$24.0K$21.0K
Net loss attributable to shareholders-$969.6M-$685.9M
Remeasurement of Preferred Stock - related party-$770.7M-$278.3M
Down round deemed dividend-$4.5M$0
Net loss attributable to common shareholders-$1.7B-$964.2M
Change in fair value of debt - credit risk - related party-$87.3M-$43.5M
Foreign currency translation adjustment$16.0K-$13.0K
Comprehensive loss attributable to common shareholders-$1.8B-$1.0B
Basic (in dollars per share)-$6.69-$4.55
Diluted (in dollars per share)-$6.69-$4.55
Basic (in shares)260.8M shares212.0M shares
Diluted (in shares)260.8M shares212.0M shares

Compare Eos Energy Enterprises, Inc. with another company

Corporate structure

Eos Energy Enterprises, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Eos Energy Enterprises, Inc.

  • Cerberus Capital Management II, L.P. Filed SCHEDULE 13D/A on Eos Energy Enterprises, Inc., latest Aug 6, 2026 (13 filings since Jun 28, 2024)
  • BlackRock Filed SCHEDULE 13G/A on Eos Energy Enterprises, Inc., latest Jul 28, 2026 (2 filings since Jul 17, 2025)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Eos Energy Enterprises, Inc., latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Eos Energy Enterprises, Inc., latest Mar 26, 2026 (2 filings since Jul 29, 2025)
  • SUSQUEHANNA SECURITIES, LLC Filed SCHEDULE 13G/A on Eos Energy Enterprises, Inc., latest Feb 13, 2026 (2 filings since Aug 14, 2025)
  • Legal & General Investment Management Ltd Filed SCHEDULE 13G/A on Eos Energy Enterprises, Inc., latest Jul 8, 2025 (5 filings since Feb 14, 2022)
  • CVI Investments, Inc. Filed SC 13G/A on Eos Energy Enterprises, Inc., latest Feb 14, 2024 (2 filings since Apr 21, 2023)
  • Point72 Asset Management, L.P. Filed SC 13G/A on Eos Energy Enterprises, Inc., latest Feb 14, 2024 (3 filings since Sep 13, 2022)
  • YA II PN, Ltd. Filed SC 13G/A on Eos Energy Enterprises, Inc., latest Feb 12, 2024 (3 filings since May 3, 2022)
  • Wood River Capital, LLC Filed SC 13G/A on Eos Energy Enterprises, Inc., latest Feb 9, 2024 (3 filings since May 3, 2022)
  • Invesco Filed SC 13G/A on Eos Energy Enterprises, Inc., latest Feb 8, 2023 (2 filings since Feb 14, 2022)
  • Electron Capital Partners, LLC Filed SC 13G/A on Eos Energy Enterprises, Inc., latest Jan 31, 2023 (2 filings since Sep 30, 2022)
  • Eos Energy Enterprises, Inc. Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Eos Energy Enterprises, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$172.0K8 Dec 31, 2024$138.0K7 Dec 31, 2023+24.6%
Finance-lease assets$262.0K4 Dec 31, 2025$106.0K4 Dec 31, 2024+147.2%
Operating-lease assets (leased space)$20.4M4 Dec 31, 2025$2.9M4 Dec 31, 2024+602.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$568.0M4 Dec 31, 2025$74.3M4 Dec 31, 2024+664.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.3M4 Dec 31, 2025$4.3M4 Dec 31, 20240%
Finite-lived intangibles, gross$1.5M4 Dec 31, 2025$572.0K4 Dec 31, 2024+159.6%
Accumulated amortization$506.0K4 Dec 31, 2025$332.0K4 Dec 31, 2024+52.4%
Finite-lived intangibles, net$979.0K4 Dec 31, 2025$240.0K4 Dec 31, 2024+307.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$59.0M4 Dec 31, 2025$32.8M4 Dec 31, 2024+79.8%
Raw materials$44.5M4 Dec 31, 2025$25.1M4 Dec 31, 2024+77.1%
Work in process$13.7M4 Dec 31, 2025$6.7M4 Dec 31, 2024+105.6%
Finished goods$824.0K4 Dec 31, 2025$1.0M4 Dec 31, 2024−20.4%

Properties, in its own words

The Company's corporate headquarters are located in Edison, New Jersey. The Company's manufacturing facilities are located in Turtle Creek, Pennsylvania and Warrendale, Pennsylvania. The Company believes its facilities and equipment are generally in good condition and are adequate for its present and immediate projected needs. Leases on the facilities are long-term.

The following table provides certain summary information about the principal facilities leased by the Company as of December 31, 2025.

The rest of Item 2

Location · Primary Use · Approximate Square Feet

Edison, NJ · Research and Development/Office · 63,000

Pittsburgh, PA · Office · 41,000

Turtle Creek, PA · Manufacturing/Office · 254,575

Warrendale, PA · Manufacturing/Office · 432,000

Item 2 of the 10-K filed Feb 26, 2026.12

Leadership

Who has led Eos Energy Enterprises, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (30)

Former names

  • B. Riley Principal Merger Corp. IIMar 2, 2020 to Nov 13, 20203

Timeline

  1. Sep 16, 20268-K Executive or director change49
  2. Sep 14, 20268-K New debt or obligation; Regulation FD disclosure50
  3. Aug 25, 20268-K Executive or director change; Regulation FD disclosure51
  4. Aug 6, 20268-K Entered a material agreement; Unregistered sale of shares52
  5. Aug 5, 20268-K Results of operations53
  6. Jul 23, 20268-K Other events54
  7. Jul 15, 20268-K Results of operations; Regulation FD disclosure; Other events55
  8. Jul 9, 20268-K Executive or director change; Other events56
  9. Jul 2, 20268-K Other events57
  10. Jul 1, 20268-K Other events58
  11. Jun 30, 20268-K Entered a material agreement; Other events59
  12. Jun 5, 20268-K Shareholder vote; Regulation FD disclosure60
  13. Nov 23, 2020New chief executive Joe Mastrangelo becomes CEO14
  14. May 19, 2020New chief executive Daniel Shribman becomes CEO13
  15. Jun 3, 2019Founded Eos Energy Enterprises, Inc. is founded2

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($4.91) a share, on Nov 5, 2025.61

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results53
  2. Jul 15, 2026Reported quarterly or annual results55
  3. May 13, 2026Reported quarterly or annual results62
  4. Apr 9, 2026Reported quarterly or annual results63
  5. Feb 26, 2026Reported quarterly or annual results64
  6. Nov 5, 2025Reported quarterly or annual results65
  7. Jul 30, 2025Reported quarterly or annual results66
  8. May 6, 2025Reported quarterly or annual results67

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

594 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 110 major events, 254 insider forms, 47 large holders, 3 private raises, 159 other. The latest 20:

  1. Sep 22, 2026144 EDGAR
  2. Sep 16, 2026144 EDGAR
  3. Sep 16, 2026144 EDGAR
  4. Sep 16, 2026144 EDGAR
  5. Sep 16, 2026144 EDGAR
  6. Sep 16, 20264 EDGAR
  7. Sep 16, 20264 EDGAR
  8. Sep 16, 20268-K/A EDGAR
  9. Sep 15, 20264 EDGAR
  10. Sep 14, 20268-K EDGAR
  11. Sep 9, 2026144 EDGAR
  12. Sep 9, 20264 EDGAR
  13. Aug 31, 2026S-3ASR EDGAR
  14. Aug 26, 20264 EDGAR
  15. Aug 26, 20264 EDGAR
  16. Aug 26, 20264 EDGAR
  17. Aug 26, 20264 EDGAR
  18. Aug 25, 20268-K EDGAR
  19. Aug 6, 20264 EDGAR
  20. Aug 6, 20264 EDGAR

The 594 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

80 open-market trades by officers, directors and large owners since October 2021: 31 buys and 49 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Puri SumeetChief Accounting OfficerSale43,750$3.92$171.5KForm 4
Sep 16, 2026Mastrangelo JoeChief Executive OfficerSale250,000$3.92$980.0KForm 4
Sep 14, 2026Song HaiyanDirectorBuy5,000$3.84$19.2KForm 4
Sep 11, 2026Song HaiyanDirectorBuy10,000$3.95$39.5KForm 4
Sep 9, 2026Puri SumeetChief Accounting OfficerSale34,167$4.13$141.1KForm 4
Jul 28, 2026Puri SumeetChief Accounting OfficerSale29,167$3.36$98.0KForm 4
Jul 28, 2026Kroeker NathanChief Commercial OfficerSale110,417$3.36$371.0KForm 4
Jul 27, 2026Mastrangelo JoeChief Executive OfficerSale159,154$3.61$574.5KForm 4
Jul 7, 2026Kroeker NathanChief Commercial OfficerSale79,309$4.68$371.2KForm 4
Jun 30, 2026Puri SumeetChief Accounting OfficerSale8,823$5.86$51.7KForm 4
Jun 30, 2026Buczkowski MichelleChief Commercial OfficerSale11,469$5.87$67.3KForm 4
Jun 30, 2026Silberman Michael WChief Legal OfficerSale14,998$5.87$88.0KForm 4
Jun 30, 2026Kroeker NathanChief Commercial OfficerSale35,289$5.86$206.8KForm 4
May 28, 2026Walters MarianDirectorSale30,000$9.18$275.4KForm 4
May 20, 2026Walters MarianDirectorSale22,319$7.20$160.7KForm 4
May 19, 2026Walters MarianDirectorSale7,681$7.07$54.3KForm 4
Mar 9, 2026Urban DavidDirectorBuy16,250$6.16$100.1KForm 4
Mar 4, 2026Mastrangelo JoeChief Executive OfficerBuy23,900$6.58$157.3KForm 4
Mar 2, 2026DIMITRIEF ALEXANDERDirectorBuy15,000$6.04$90.6KForm 4
Mar 2, 2026Mastrangelo JoeChief Executive OfficerBuy60,000$5.75$345.0KForm 4

All 80 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Joe MastrangeloChief Executive Officer57$4.0M$4.9M84
2025Michelle BuczkowskiChief Administration Officer41$319.9K$4.1M84
2025Eric JavidiFormer Chief Financial Officer$115.4K$2.9M84
2025Nathan KroekerChief Commercial Officer and Interim Chief Financial Officer52$470.0K$2.7M84
2024Joe MastrangeloChief Executive Officer57$650.0K$5.5M84
2024Nathan KroekerChief Commercial Officer and Interim Chief Financial Officer52$470.0K$3.5M84
2023Joe MastrangeloChief Executive Officer57$650.0K$4.3M84
2023Nathan KroekerChief Commercial Officer and Interim Chief Financial Officer52$415.4K$3.2M84

Money raised

Private offerings the company reported to the SEC on Form D.

  1. May 12, 2023Filed a private offering of equity Form D: $9 million offered in all Form D
  2. Apr 12, 2023Filed a private offering of equity Form D: $50.2 million offered in all Form D
  3. Jan 18, 2023Raised $13.8 million in a private offering of debt Form D: 7 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.27,130,305$159.5M0.0%+3,046,526
Vanguard Capital Management LLC15,021,392$88.3M0.0%+185,955
Hudson Bay Capital Management LP13,683,634$80.5M0.4%New
Driehaus Capital Management LLC13,556,010$79.7M0.5%−1,313,160
Two Sigma Investments, LP12,783,883$75.2M0.1%−1,290,118
State Street Corp10,154,935$59.7M0.0%+2,137,005
Susquehanna International Group, Llp9,683,190$56.9M0.1%+3,332,709
Geode Capital Management, LLC8,894,922$52.3M0.0%+1,082,028
Electron Capital Partners, LLC6,681,859$39.3M1.6%+1,302,198
Morgan Stanley5,313,829$31.2M0.0%+2,353,045
Stifel Financial Corp4,418,639$26.0M0.0%+280,084
Crystal Cove Asset Management, LLC4,285,181$25.2M27.5%−13,306
UBS Group AG3,908,447$23.0M0.0%+2,010,974
Legal & General Group Plc3,899,815$22.9M0.0%+2,854,116
Graham Capital Management, L.P.3,566,446$21.0M0.8%New
Citadel Advisors LLC3,310,130$19.5M0.0%−2,790,642
Vanguard Portfolio Management LLC3,289,703$19.3M0.0%+446,895
Northern Trust Corp2,906,986$17.1M0.0%+417,041
Charles Schwab Investment Management Inc2,831,969$16.7M0.0%+200,898
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2,515,677$15.2M0.0%+1,660,254
BNP PARIBAS ASSET MANAGEMENT Holding S.A.2,573,001$15.1M0.0%+1,204,500
Vanguard Fiduciary Trust Co2,435,848$14.3M0.0%+194,707
Capital Fund Management S.a.2,181,499$12.8M0.1%+746,907
Alyeska Investment Group, L.P.2,044,968$12.0M0.0%+1,350,000
Polar Capital Holdings Plc2,010,000$11.8M0.0%+320,000

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Eos Energy Enterprises, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREos Energy Enterprises, Inc.1
  • CIK0001805077
  • Employer ID (EIN)84-429018812
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company12
  • Incorporated inDelaware12
  • Fiscal year endsDecember 311
  • Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressTwo Allegheny Center, Nova Tower 2, Pittsburgh, PA 152121
  • Phone(732) 225-84001
  • Shares outstanding364,167,744 as of Aug 3, 202610
  • Public float$1.3B as of Jun 30, 202512
  • AuditorDeloitte & Touche LLP, New York, NY PCAOB ID 34; no auditor attestation of internal control over financial reporting12
  • On EDGAR sinceMar 2, 20201
  • Filings786 in all: 4 (269), 8-K (152), 3 (43), 144 (42), DEFA14A (37), 424B2 (21), 10-Q (20), 424B3 (14)1
    All 47 form types

    CORRESP (14), SC 13G/A (14), 424B5 (12), SC 13D/A (12), SC 13G (12), DEF 14A (9), UPLOAD (9), EFFECT (7), SCHEDULE 13D/A (7), 10-K (6), PRE 14A (6), S-1/A (6), S-8 (6), 4/A (5), S-3ASR (5), SCHEDULE 13G/A (5), SD (5), 8-A12B (4), ARS (4), CERT (4), S-1 (4), S-3 (4), SCHEDULE 13G (4), D (3), SC 13D (3), 25-NSE (2), 424B4 (2), 8-K/A (2), FWP (2), 10-K/A (1), 25 (1), 3/A (1), 424B1 (1), DEFM14A (1), DRS (1), PREM14A (1), PRER14A (1), RW (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 14, 2026
    Latest 8-K (8-K) Sep 14, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.0001 per shareEOSEThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).12

Risk factors and legal proceedings

The risks Eos Energy Enterprises, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 49 risks under these headings, as written.12

  • Risks Related to Our Business and Industry
  • Risks Related to Our Products and Manufacturing
  • Risks Related to Our Future Growth
  • Risks Related to Our United States Operations
  • Risks Related to Intellectual Property
  • Risk Related to Our Securities
  • Our history of losses puts the onus on us to deliver on our potential for significant business growth and to improve our manufacturing processes to achieve sustained, long-term profitability and commercial success.
  • The relatively recent commercialization of our products makes it difficult to evaluate our future prospects.
  • Failure to deliver the benefits offered by our technologies, or the emergence of improvements to competing technologies, could reduce demand for our products and harm our business.
  • A decline in lithium prices may result in increased competition from traditional lithium-ion (“Li-ion”) batteries and adversely affect the demand for our products.
  • Under certain circumstances, our customers can modify or terminate their contracts.
  • As we endeavor to expand our business, we will incur significant costs and expenses, which could outpace our cash reserves. Unfavorable conditions or disruptions in the capital and credit markets may adversely impact business conditions and the availability of credit.
The other 43 risks
  • Our success depends on the continuing contributions of our key personnel, and the loss of services of any principal member of our management team could adversely affect our business.
  • Changes in accounting principles or their application to us could result in unfavorable accounting charges or effects, which could adversely affect our operating results and prospects.
  • If our internal controls are found to be ineffective, our results of operations or our stock price may be adversely affected.
  • The failure or breach of our network or Information Technology ("IT") systems, including as a result of a cybersecurity breach, could affect our sales and operations.
  • Internal system or service failures, or failures in the systems or services of third parties on which we rely, could disrupt our business and impair our ability to effectively provide our services and products to our customers, which could damage our reputation and adversely affect our business.
  • Uncertainty in the development, deployment or use of AI in our products and services, as well as our business more broadly, may adversely affect our business, financial condition, and results of operations.
  • The nature of our business exposes us to potential legal proceedings or claims that could adversely affect our operating results. These claims could conceivably exceed the level of our liability insurance coverage.
  • Labor disputes could disrupt our ability to serve our customers and/or lead to higher labor costs.
  • The imposition of tariffs, sanctions, restrictions on imports or other trade barriers between the United States and various countries may impact our revenue and results of operations.
  • We must obtain Underwriters Laboratories ("UL") and other related certifications for our future generations of product.
  • Compared to traditional Li-ion energy storage technologies, our cells and modules have less power density and may be considered inferior to competitors’ products.
  • We have limited manufacturing experience and could experience difficulty in producing commercial volumes of the battery storage system, establishing manufacturing capacity to scale and in meeting potential cost savings and efficiencies from anticipated improvements to our manufacturing capabilities.
  • We may experience delays, disruptions, or quality control problems in our manufacturing operations.
  • A disruption in the operations of our manufacturing facility could have a significant negative impact on our ability to manufacture our products.
  • Defects or performance problems in our products could result in loss of customers, reputational damage, and decreased revenue, facing warranty, indemnity and product liability claims that may arise from defective products.
  • We are heavily dependent on third-party suppliers and contractors. Supply chain issues could adversely affect our operations and financial results.
  • If we elect to expand our production capacity by constructing one or more new manufacturing facilities, we may encounter challenges relating to the construction, management and operation of such facilities.
  • We could incur substantial costs as a result of violations of, or liabilities under, environmental laws.
  • Increased scrutiny from stakeholders and regulators regarding environmental, social and governance practices and disclosures, including those related to climate change and sustainability, as well as recent U.S. based anti-ESG efforts, could result in additional costs and risks.
  • If we fail to manage our recent and future growth effectively, we may be unable to execute our business plan, maintain high levels of customer service, or adequately address competitive challenges.
  • Our growth prospects depend on our ability to capitalize on market opportunities.
  • If we fail to meet the covenants in either the DOE Loan Facility or the Credit Agreement, we may be subject to default under the credit facilities, which could have a material adverse effect on our business.
  • The Credit Agreement and the DOE Loan Facility are secured by a substantial portion of the assets of the Company and its subsidiaries, resulting in a lack of substantial remaining assets available for incurring additional indebtedness and requiring significant cash flow that the business may not be able to generate to service its substantial debt.
  • The Company may need to seek alternative sources of capital, or risk its ability to continue operations, in the event it fails to meet a funding condition under the terms of the DOE Loan Facility or in the event that the government enacts laws and governmental regulations that could affect the availability of funding under the DOE Loan Facility.
  • A substantial number of shares of the Company’s common stock that are issuable upon the exercise or conversion of securities issued under the Credit Agreement and the SPA are subject to a contractual lockup.
  • Our planned expansion into new geographic markets or new product lines or services could subject us to additional business, financial and competitive risks.
  • Our results of operations may fluctuate from quarter to quarter, which could make our future performance difficult to predict and could cause our results of operations for a particular period to fall below expectations, resulting in a decline in the price of our common stock.
  • Some of our customers receive federal, state and local government incentives for renewable energy solutions. The reduction, elimination or expiration of government subsidies and economic incentives related to renewable energy solutions could reduce demand for our technologies and harm our business.
  • We have operations in the United States, which exposes us to multiple federal, state and local regulations. Changes in applicable law, regulations or requirements, or our material failure to comply with any of them, can increase our costs and have other negative impacts on our business.
  • We are subject to complex and evolving laws, regulations, rules, standards and contractual obligations regarding data privacy and cybersecurity, which could increase the cost of doing business, compliance risks and potential liability.
  • Changes in tax laws or tax rulings could materially affect our business, financial position and results of operations.
  • We could be adversely affected by any violations of the FCPA, the U.K. Bribery Act and other foreign anti-bribery laws, as well as violations against export controls and economic embargo regulations.
  • If we fail to protect, or incur significant costs in defending, our intellectual property and other proprietary rights, then our business and results of operations could be materially harmed.
  • Third parties may assert that we are infringing, misappropriating or otherwise violating their intellectual property rights, which could divert management’s attention, cause us to incur significant costs and prevent us from selling or using the technology to which such rights relate.
  • Risks Related to Our Securities
  • Under the terms of the Credit Agreement, the SPA and the securities issued thereunder, current stockholders may be subject to significant dilution and the voting power of the currently outstanding common stock could be significantly diluted.
  • We currently have a significant number of outstanding securities that are exercisable for or convertible into our common stock, which could result in significant additional dilution and downward pressure on our stock price. Future issuances of our common stock, including common stock that may be issuable pursuant to outstanding warrants or other convertible securities, could result in additional dilution of the percentage ownership of our stockholders and could cause our stock price to fall.
  • Provisions in our Charter and Delaware law may have the effect of discouraging lawsuits against our directors and officers.
  • Provisions in our Charter may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our common stock and could entrench management.
  • Our stock price may be volatile and may decline regardless of our operating performance.
  • Short sellers may engage in manipulative activity intended to drive down the market price of our common stock, which has and could in the future result in related governmental and regulatory scrutiny, among other effects.
  • Future resales of our common stock may cause the market price of our securities to drop significantly, even if our business is doing well.
  • We do not intend to pay dividends on our common stock in the foreseeable future and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
  • We are a “smaller reporting company” and, because we have opted to use the reduced reporting requirements available to us, certain investors may find investing in our securities less attractive.

Legal proceedings

From time to time, the Company may be involved in various legal proceedings and litigation arising in the ordinary course of business. While the outcomes of these types of claims are uncertain, management does not expect that the ultimate costs to resolve these matters will have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Class Action Complaints

We are not currently involved in any material legal proceedings or litigation.

The opening of Item 3, Legal Proceedings.12

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
    SEC EDGAROther events
  55. 55
  56. 56
  57. 57
    SEC EDGAROther events
  58. 58
    SEC EDGAROther events
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84