Eos Energy Enterprises ($EOSE) has announced a significant partnership with Cerberus Capital Management, a firm known for its strong track record in infrastructure investments. The deal is expected to alleviate any near-term liquidity concerns and refinance expensive debt, addressing major financial hurdles for Eos. This partnership is particularly notable as it involves Cerberus's supply chain and operational arm, rather than its distressed credit desk. Steve Feinberg, a renowned figure in the industry, is associated with Cerberus. The news has had a positive impact on Eos's stock price, which rose from 0.99 to 1.12 in premarket trading. Additionally, the company has a 24% short interest, indicating a shift in risk/reward dynamics.
Interesting set up for $EOSE. It’s the supply chain / operational arm of Cerberus that’s partnering with the firm , and not simply the distressed credit desk. With a 24% short interest, the risk / reward appears to have flipped. 👀
LDO up 7% on the news lmfaoooooo https://t.co/UOB651aAgN
$EOSE news earlier! https://t.co/521VITMwDq
$EOSE 1.12 vs 0.99 on that news premarket!
$EOSE looking forward to here from management in a few, but this deal is likely very very good news, even in spite of the dilution, which we all were expecting. This likely removes any near term liquidity concerns, refi's expensive debt, likely addresses a DOE closing…
$EOSE...This is fantastic news for EOSE. I worked with Steve Feinberg or many years in the early 90's. He is a brilliant guy and Cerberus has a great track record investing in Infrastructure related companies. They are primarily debt investors so the fact the deal is structured…