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Eos Energy | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-CVI Investments, Inc.(4.9%),Heights Capital Management, Inc.(4.9%)

SEC announcement ·  Feb 14 15:37
Summary by Moomoo AI
Eos Energy Enterprises, Inc., an energy solutions provider, has been the subject of a significant filing with the Securities and Exchange Commission (SEC). On December 31, 2023, CVI Investments, Inc., with its principal business office in the Cayman Islands, and Heights Capital Management, Inc., based in Delaware, filed an amended Schedule 13G indicating a shared voting and dispositive power over 9,800,990 shares of Eos Energy's common stock. This represents 4.9% of the company's class of securities. The filing, dated February 12, 2024, clarifies that Heights Capital Management, Inc. serves as the investment manager to CVI Investments, Inc., and may be deemed to have beneficial ownership of the shares held by CVI Investments. However, both entities disclaim beneficial ownership of these shares, except to the extent...Show More
Eos Energy Enterprises, Inc., an energy solutions provider, has been the subject of a significant filing with the Securities and Exchange Commission (SEC). On December 31, 2023, CVI Investments, Inc., with its principal business office in the Cayman Islands, and Heights Capital Management, Inc., based in Delaware, filed an amended Schedule 13G indicating a shared voting and dispositive power over 9,800,990 shares of Eos Energy's common stock. This represents 4.9% of the company's class of securities. The filing, dated February 12, 2024, clarifies that Heights Capital Management, Inc. serves as the investment manager to CVI Investments, Inc., and may be deemed to have beneficial ownership of the shares held by CVI Investments. However, both entities disclaim beneficial ownership of these shares, except to the extent of their pecuniary interest. The shares in question consist of those issuable upon the exercise of warrants, with the stipulation that the exercise is limited to ensure that ownership does not exceed 4.99% of the outstanding shares. The filing asserts that the acquisition of these shares is not for the purpose of changing or influencing the control of Eos Energy Enterprises, Inc.

This announcement is a separate document:

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