The Law Offices of Frank R. Cruz continues its investigation on behalf of Eos Energy Enterprises, Inc. (“Eos” or the “Company”) (NASDAQ: EOSE) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On July 27, 2023, Iceberg Research published a report alleging that Eos’s touted 2.2 GWh energy storage system backlog, which Eos valued at $535 million at the end of March 2023, “is fake.” Iceberg Research alleged that it dug into the background of Bridgelink Commodities, which accounts for half of Eos’s backlog by MWh, or about 62% ($331 million) of its total dollar value, and “uncovered a group whose assets were recently seized by a creditor and sold in an auction.”
On this news, Eos’s stock price fell $0.83, or 23.9%, to close at $2.65 per share on July 27, 2023, thereby injuring investors.
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If you purchased Eos securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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The Law Offices of Frank R. Cruz Continues Its Investigation of Eos Energy Enterprises, Inc. (EOSE) on Behalf of Investors
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
