LOS ANGELES–(BUSINESS WIRE)–$EOSE #CLASSACTION—Glancy Prongay & Murray LLP (“GPM”), a national investor rights law firm, continues its investigation on behalf of Eos Energy Enterprises, Inc. (“Eos Energy” or the “Company”) (NASDAQ: EOSE) investors concerning the Company and its officers’ possible violations of the federal securities laws.
If you suffered a loss on your Eos Energy investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/eos-energy-enterprises-inc/.You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On January 14, 2021, Iceberg Research published a report entitled “Eos Energy ($EOSE): Fake Customers Won’t Recharge a Dead Battery,” alleging among other things that Eos Energy has “failed technology and dubious customers.” Citing findings that “the disclosed customers are extremely unlikely to have the financial ability to honour their contracts,” the report “estimate[s] that EOS’ equity is worth only $144M . . . which represents a 90% downside from its current market cap of $1.5B.”
On this news, Eos Energy stock price fell $3.85, or 13.55%, to close at $24.56 per share on January 14, 2021, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding Eos Energy should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
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