Cerberus Capital Management Updates Eos Energy Stake
Ticker: EOSE · Form: SC 13D/A · Filed: Jul 29, 2024 · CIK: 1805077
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: EOSE
TL;DR
Cerberus Capital Management just updated their Eos Energy stake filing. Watch this space.
AI Summary
Cerberus Capital Management II, L.P. has filed an amendment (No. 1) to its Schedule 13D for Eos Energy Enterprises, Inc. on July 29, 2024. This filing indicates a change in beneficial ownership of Eos Energy Enterprises, Inc. common stock. The filing does not specify the exact percentage or number of shares now held, but it signifies an update to Cerberus's stake in the company.
Why It Matters
This filing signals a potential shift in control or influence over Eos Energy Enterprises, Inc. by a significant investment firm, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in investor sentiment or strategy, potentially affecting stock price and company direction.
Key Players & Entities
- Cerberus Capital Management II, L.P. (company) — Filing entity
- Eos Energy Enterprises, Inc. (company) — Subject company
- Alexander D. Benjamin (person) — Contact person at Cerberus Capital Management
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The filing is an amendment (No. 1) to Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., number of shares, percentage) are not explicitly stated in the provided text excerpt.
When was this amendment filed with the SEC?
This amendment was filed on July 29, 2024.
Who is the subject company of this filing?
The subject company is Eos Energy Enterprises, Inc.
Which entity is filing this amendment?
The amendment is filed by Cerberus Capital Management II, L.P.
What is the business address of Eos Energy Enterprises, Inc.?
The business address of Eos Energy Enterprises, Inc. is 3920 Park Avenue, Edison, NJ 08820.
Filing Stats: 1,235 words · 5 min read · ~4 pages · Grade level 12.6 · Accepted 2024-07-29 17:00:32
Key Financial Figures
- $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie
Filing Documents
- form_sc13da-eos.htm (SC 13D/A) — 105KB
- 0001011438-24-000413.txt ( ) — 106KB
Purpose of Transaction
Item 4. Purpose of Transaction
is hereby amended and supplemented by the addition of the following
Item 4 is hereby amended and supplemented by the addition of the following: On July 24, 2024, pursuant to the terms of the Series A-1 Preferred Stock, the holders of the Series A-1 Preferred Stock elected Gregory S. Nixon, an employee of an affiliate of the Reporting Persons, to serve on the Board of Directors of Eos Energy Enterprises, Inc. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. July 29, 2024 CERBERUS CAPITAL MANAGEMENT II, L.P. By: /s/ Alexander D. Benjamin Name: Alexander D. Benjamin Title: Senior Managing Director and Chief Legal Officer CCM DENALI EQUITY HOLDINGS, LP By: CCM Denali Equity Holdings GP, LLC, its general partner By: /s/ Alexander D. Benjamin Name: Alexander D. Benjamin Title: Manager CCM DENALI EQUITY HOLDINGS GP, LLC By: /s/ Alexander D. Benjamin Name: Alexander D. Benjamin Title: Manager