Wood River Capital, LLC - Jun 30, 2022 Form 4 Insider Report for Eos Energy Enterprises, Inc. (EOSE)

Role
10%+ Owner
Signature
Wood River Capital, LLC /s/ Raffaele G. Fazio, Vice President and Secretary
Stock symbol
EOSE
Transactions as of
Jun 30, 2022
Transactions value $
$9,529,569,000,000
Form type
4
Date filed
11/14/2022, 04:44 PM
Previous filing
Nov 14, 2022
Next filing
Dec 6, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EOSE 5%/6% Convertible Senior PIK Toggle Notes due 2026 Other $9.53T +3.09M +3% $3,087,000.00* 106M Jun 30, 2022 Common Stock 154K $20.00 Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Eos Energy Enterprises, Inc. (the "Issuer") reissued to Spring Creek Capital, LLC ("Spring Creek") $100,000,000 in aggregate principal amount of the Issuer's 5%/6% Convertible Senior PIK Toggle Notes due 2026 (the "Notes") pursuant to an indenture with Wilmington Trust, National Association, as trustee, dated April 7, 2022. On May 2, 2022, Spring Creek transferred the Notes to Wood River Capital, LLC ("Wood River"). The Notes are convertible into shares of the Issuer's common stock at the holder's option at any time until the business day prior to the maturity date, based on an initial conversion rate of 49.9910 shares per $1,000 principal amount of the Notes, subject to customary anti-dilution and other adjustments.
F2 Represents the effective conversion price per share of common stock based on a conversion rate of 49.9910 shares per $1,000 principal amount of the Notes.
F3 On June 14, 2022, the Issuer notified Wood River that, in connection with the interest payment on the Notes, the Issuer had elected to have all accrued and unpaid interest on the Notes to, but not including, the interest payment date of June 30, 2022 paid in-kind as an increase to the principal amount, which resulted in Wood River acquiring an additional $3,087,000 aggregate principal amount of the Notes (the "PIK Interest Payment").
F4 Represents 154,350 shares of the Issuer's common stock issuable to Wood River upon conversion of the principal amount represented by the PIK Interest Payment.
F5 Wood River is beneficially owned by SCC Holdings, LLC ("SCC"), SCC is beneficially owned by KIM, LLC ("KIM"), KIM is beneficially owned by Koch Investments Group, LLC ("KIG"), KIG is beneficially owned by Koch Investments Group Holdings, LLC ("KIGH"), and KIGH is beneficially owned by Koch Industries, Inc. ("Koch Industries"), in each case by means of ownership of all voting equity instruments. Koch Industries, SCC, KIM, KIG, and KIGH may be deemed to beneficially own the shares of the Issuer's common stock beneficially owned by Wood River by virtue of (i) Koch Industries' beneficial ownership of KIGH, (ii) KIGH's beneficial ownership of KIG, (iii) KIG's beneficial ownership of KIM, (iv) KIM's beneficial ownership of SCC and (v) SCC's beneficial ownership of Wood River.