Eos Energy Resolves Class Complaint with $8.5M Settlement Fund

Eos Energy Enterprises (EOSE) has released an update.

Eos Energy Enterprises, Inc. has agreed to a Settlement to resolve a stockholder class complaint, establishing an $8.5 million fund, which includes a combination of company payments and insurance policy funds. This settlement, aimed at addressing claims against its former directors from before a pivotal 2020 transaction, is pending final court approval.

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For a comprehensive understanding of the announcement, you can read the full document here.