Eos Energy (EOSE) Faces Shareholder Class Action Lawsuit: Johnson Fistel Encourages Investors with Losses Exceeding $10,000 to Seek Representation

San Diego, California--(Newsfile Corp. - August 2, 2023) - Johnson Fistel, LLP, a shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of Eos Energy Enterprises, Inc. ("Eos" or the "Company") (NASDAQ: EOSE) investors who acquired securities between May 9, 2022 and July 27, 2023, inclusive (the "Class Period"). If you are a shareholder who incurred losses during this period, you have until October 2, 2023, to move the court to become a lead plaintiff in this action.

If you would like more information and want to join the class action please click or copy and paste the following link:

https://www.cognitoforms.com/JohnsonFistel/EosEnergyEnterprisesInc

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) that, as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) that, as such, Eos's backlog was overstated; (4) that such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor's ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.

There is no cost or obligation to you.

Johnson Fistel, LLP is a shareholder rights law firm representing individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information, visit their website http://www.johnsonfistel.com.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
Investor Relations
jimb@johnsonfistel.com
or
Frank Johnson, 619-309-4405
fjohnson@johnsonfistel.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175863