Cerberus Capital Management Adjusts Eos Energy Stake
Ticker: EOSE · Form: SC 13D/A · Filed: Dec 17, 2024 · CIK: 1805077
Sentiment: neutral
Topics: 13D-filing, beneficial-ownership, amendment
Related Tickers: EOSE
TL;DR
Cerberus Capital Management updated their Eos Energy stake filing on 12/17/24. Big moves ahead?
AI Summary
Cerberus Capital Management II, L.P. has amended its Schedule 13D filing regarding Eos Energy Enterprises, Inc. as of December 17, 2024. The filing indicates a change in beneficial ownership, with Cerberus Capital Management II, L.P. and its affiliates now holding a significant stake in the company. This amendment reflects updated information on their holdings and intentions concerning Eos Energy Enterprises, Inc.
Why It Matters
This filing signals a potential shift in control or influence over Eos Energy Enterprises, Inc. by a major investment firm, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership by significant investment firms can lead to increased volatility and strategic shifts, posing a medium risk to investors.
Key Players & Entities
- Cerberus Capital Management II, L.P. (company) — Filing party
- Eos Energy Enterprises, Inc. (company) — Subject company
- Alexander D. Benjamin (person) — Contact person at Cerberus Capital Management
FAQ
What specific percentage of Eos Energy Enterprises, Inc. does Cerberus Capital Management II, L.P. now beneficially own?
The filing does not explicitly state the exact percentage of beneficial ownership in this excerpt, but it indicates a change in holdings.
What is the CUSIP number for Eos Energy Enterprises, Inc. common stock?
The CUSIP number for Eos Energy Enterprises, Inc. common stock is 29415C101.
When was the previous name of Eos Energy Enterprises, Inc. changed?
The previous name of Eos Energy Enterprises, Inc. was B. Riley Principal Merger Corp. II, and the date of the name change was February 27, 2020.
Who is listed as a contact person at Cerberus Capital Management II, L.P. for this filing?
Alexander D. Benjamin, Senior Managing Director, is listed as a contact person.
What is the business address and phone number for Eos Energy Enterprises, Inc.?
The business address for Eos Energy Enterprises, Inc. is 3920 Park Avenue, Edison, NJ 08820, and the business phone number is (732) 225-8400.
Filing Stats: 1,612 words · 6 min read · ~5 pages · Grade level 9.2 · Accepted 2024-12-17 14:48:02
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) — 55KB
- 0001011438-24-000726.txt ( ) — 56KB
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 December 16, 2024, pursuant to the terms of the Series B Preferred Stock, CCM Denali Equity, the holder of the Series B Preferred Stock, appointed David Urban to serve on the Board of Directors of Eos Energy Enterprises, Inc.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer
is hereby amended and restated as follows
Item 5 is hereby amended and restated as follows: (a) and (b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference. Such information is based on 217,912,361 shares of Common Stock outstanding as of November 4, 2024, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 5, 2024. The securities of the Issuer reported herein are directly held and beneficially owned by CCM Denali Equity. CCM Denali Equity GP, as the general partner of CCM Denali Equity, may be deemed to beneficially own the securities of the Issuer held by CCM Denali Equity. Cerberus Capital Management II, as the sole member of CCM Denali Equity GP, may be deemed to beneficially own the securities of the Issuer held by CCM Denali Equity. (c) Except as disclosed in this Schedule 13D, as amended, there have been no transactions by the Reporting Persons or the Scheduled Persons in the securities of the Issuer during the past sixty days. (d) The disclosure regarding the relationship between the Reporting Persons in Item 2(c) of this Schedule 13D is incorporated herein by reference. (e) Not applicable. 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. December 17, 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