Latest news with #Eos
Buzz Feed
3 days ago
- Health
- Buzz Feed
Our Spidey Senses Say You Need These 37 Things
A reparative K-beauty snail mucin essence with a hydrating and hypoallergenic formula that can help reduce the appearance of dark spots and fine lines. Several reviewers wrote that this gave them that "glass skin" look! A pack of Affresh dishwasher cleaner tablets so you don't risk limescale and mineral buildup affecting your dishwasher's performance. If a dishwasher can't properly wash essentially just a wet cabinet. A set of silicone Kegel weights because doing pelvic floor exercises can help you better control your bladder and have more pleasurable sex. A pack of cold sore healing patches containing hydrocolloids to help your skin heal faster. These discreet patches create a moist environment that can help relieve pain, reduce blistering, and prevent scabbing. A pack of 10 DEET-free mosquito-repellent bracelets that use essential oils to keep bloodsuckers away. Some reviewers suggest wearing one on your wrist and one on your ankle if you're in mosquito-dense areas. A pet hair remover so you can reclaim your couch from the mob of fur that's been calling it home in a few quick swipes. And because it doesn't use disposable adhesive strips, you can use this thing over and over and over and over and... A bottle of Lumify eye drops to help relieve redness in as little as a minute. And results can last up to eight hours! Got red eyes? Well, here's your holy grail. A lightweight Eos body lotion that offers 24-hour moisture! Its non-greasy formula contains seven nourishing oils and butter, including shea butter, so you'll wanna pet your soft self all day long. And it's vegan, hypoallergenic, and paraben-free. A Shark Tank-famous bug bite suction tool for mosquito bite relief because you're excited about tank tops and short shorts, but not the fact that you'll be exposed to some nasty bloodsuckers. It pretty much sucks the irritant out from under your skin so you can live an itch-free life. Hydrocolloid acne patches if you need help preventing yourself from picking/popping your pimples, which could lead to scarring. These ultra-thin, translucent patches will absorb pimple pus (yuck) to reveal calmer-looking skin (yay). And some overnight hydrocolloid nose patches designed to target pimples, pores, and oil for clearer-looking skin. Plus, it'll be weirdly satisfying to peel this off and see all the gunk that was hiding in your pores. A skin-renewing CeraVe night cream because it's formulated with ceramides that help restore and maintain the skin's natural barrier. Plus, it contains hyaluronic acid and niacinamide to help moisturize and calm skin. So, no more waking up with dull, dry skin! Some Glisten garbage disposal cleaner that'll foam up and scrub your disposal, leaving a fresh scent behind instead of icky drain pipe odors. Packs of ready-to-use fruit fly traps for luring and killing the fruit flies trying to take over your home. Just pour the included liquid bait into the "apple," and let it do its work. And each trap lasts for up to 45 days! A pack of four cactus-shaped dryer balls to help make sure your clothes and bedsheets dry evenly and completely. Plus, they're reusable and just so darn cute! A box of maximum-strength one-step wart-removing pads with extra cushioning so there's no discomfort while they work their magic. An antimicrobial facial mist that contains hypochlorous acid, which can help soothe minor burns, rashes, and irritations. This cheaper Tower 28 alternative removes sweat and dirt, unclogs pores, and targets acne-causing bacteria, all without drying out your skin. If you're a summer athlete with sensitive skin, consider adding this on-the-go spray to your skincare routine. The Pink Stuff cleaning paste because no sticky saucepans, streaky stainless steel, or gunked-up glass shall prosper against you or this versatile and easy-to-use cleaner. This paste has got you covered, from your caked-on stove top to your dirty rain boots. It can even remove those colorful drawings your kids left on your white walls! A skin spatula for a deep clean that can help remove blackheads, oil, and other dirt chilling beneath your skin. It even comes with scrubber attachments so you can experience a spa-like massage at home. A skin-repairing body oil chock-full of natural oils to help reduce the appearance of scars and stretch marks. Its skin-renewal formula should help fade acne scars, surgery scars, and so much more! A pack of teeth-whitening pens so you can get shiny white teeth for far less money than you might've thought. This pen's soft-bristle brush is perfect for anyone with sensitive teeth. It even makes application as easy as saying CHEESE! An anti-bacterial butt acne-clearing lotion that contains tea tree oil to help prevent breakouts. It's especially helpful if the summer heat gives you swamp butt. Now, you may truly have a bottom as smooth as, well, a baby's bottom. A bottle of Wet & Forget shower cleaner because no one wants to scrub their bathtub clean. With this, you'll just spray it on, wait 8–12 hours, then rinse it off. Super easy! A vegan under-eye brightener to help balance out bluish tones and dark circles. It's formulated with hyaluronic acid and shea butter to nourish and hydrate skin. You'll look like you've had days of if the truth is you haven't slept in days (gosh darn, those true crime documentaries!). A pack of K-Cup cleaners if you haven't cleaned your machine in a while, and your coffee hasn't been tasting quite like coffee lately. Pop one of these nontoxic cups into your Keurig to give it the deep clean it's been needing. A bottle of professional-grade callus-removing gel that can remove years' worth of calluses quickly and easily. Just presoak your feet, apply the gel, let it do its magic, and rinse! A pore-control Anua heartleaf extract cleansing oil for gently and effectively ridding your face of dirt, makeup, and blackheads. This hypoallergenic K-beauty formula has soothing ingredients that won't cause clogged pores. A nail and cuticle repair oil to help soften cuticles and strengthen your nails when used daily. It contains a moisturizing blend of jojoba and vitamin E. A pack of 30 aluminum-free deodorant wipes if the summer heat is causing you to sweat and smell while you're out socializing. These will remove odors and leave behind a coconut-y scent. Keep these handy wipes in your purse so you can freshen up anywhere! A vegan and cruelty-free skin-tightening Sol de Janeiro body cream made with coconut and açai oil. Its caffeine-rich formula stimulates circulation for smoother-looking skin. An after-sex sponge for quick and easy cleanup. No need to penguin-walk to the bathroom and sit and wait for stuff out. Just insert, twirl, and toss the sponge in the trash! A Color Wow anti-frizz spray that'll help combat humidity by repelling moisture. This lightweight formula also doubles as a heat protectant. Just blow-dry to activate! A pack of 30 corn remover pads formulated with salicylic acid to help get rid of corns safely, easily, and painlessly. This one-step process can work as quickly as a few days! A fungal nail renewal formula if you've been living with thick, discolored, and brittle nails for far too long. This can help improve the look of your nails in as little as two days! A revitalizing hair protein treatment for conditioning and repairing dry, damaged, and over-processed hair. TBH I'm already obsessed with your hair evolution! A set of YogaToes gem-shaped toe stretchers that may help with bunion, hammer toe, or plantar fasciitis pain. A pack of self-heating Dr. Scholl's foot masks formulated with shea butter to help moisturize and essential oils to help soothe and calm. Just wear these masks for 30 minutes to get some much-deserved relief and relaxation.
Buzz Feed
4 days ago
- Entertainment
- Buzz Feed
35 Cheap, Underrated Products You'll Love
A tinted lip balm that's eerily close to the same magic as "Black Honey," TikTok's beloved $25 ~universal shade~ from Clinique, that it will genuinely startle you — especially when you see the price. This is a perfect, non-sticky "go-to" lippie that's just a step above the "no makeup makeup" look, giving the perfect subtly polished effect. A 3-in-1 charging cord to juice up your iPhone, Apple Watch, and AirPods all at the same time. (It's giving witchcraft??) This just solved all your "welp, everything's dying and there's only one outlet in this car/on this flight/in this teensy hotel room" problems for good. A limited edition (!!) Eos Marshmallow "Super Balm" lip treatment from the brand's "secret menu" so good that reviewers say it's better than Carmex for healing and better than Summer Fridays for quality. Lip care that also tastes like you're perpetually eating a s'more for less than $5?? My friends, life is good. Dove's Coconut Milk & Sugar Lychee Body Wash so moisturizing, gentle, and decadently-scented that you're going to feel fully transported to your ~happy place~ every time you lather it on. This is especially lovely for sensitive skin, since the plant milk base is nutrient-rich and sulfate-free to keep your skin feeling eeextra soft and loved. Billion Dollar Brows Eyebrow Powder to fill in your brows as naturally and realistically as the $23 Anastasia Brow Duo version for less than half the price. Reviewers are stunned by how effective this is and how long it lasts, especially at such a low price point. A floral cover edition of Burn After Writing, a guided journal countless TikTokers swear by — through a series of questions and thought experiments, it encourages people to take time away from their screens to explore their feelings, both new and old, so they can embrace meaningful ones and try to let others go. A trendy, adjustable slouchy shoulder bag reviewers compare to the $300 Coach Brooklyn version — it's basically all of the effortless cool and useful roominess, without the big ole price tag. In case that wasn't enough of a perk, it also comes with a free matching cosmetic bag! A set of biodegradable ultra-soft face towels inspired by the much pricier $18 Clean Skin Club version — a lot of folks with sensitive skin and acne *swear* by these, particularly because it helps prevent exposing their skin to bacteria that may collect in ordinary reusable towels. A handy, aesthetically pleasing kitchen measurement conversion magnet for the avid baker who is like, "Avoiding math, but make it fashion." This pretty little magnet will make sure your pretty little head doesn't have to break itself with equations the next time you bake. Eos Cashmere Vanilla Cashmere Whipped Oil Body Butter — yes, that's right, the astronomically TikTok-famous Eos "cashmere" body lotion now comes in a luxurious body butter form, and it's every bit as decadent as it sounds. Now you can spend all your self-care nights fully moisturized in a cloud of whipped vanilla, musk, and soft caramel. A set of dainty but surprisingly strong bow-shaped hair clips to pair with all your frilliest summer dresses or to add a soft touch your more structured work outfits. E.l.f. Sheer For It Blush Tint, the $5 answer to the beloved $26 Benetint that does just as brilliant of a job despite costing five times less. This flush of pigment for your lips and cheeks is perfect for those lightweight, "no makeup makeup" looks that are especially key on a day when the sun is showing no mercy. McCormick's Potato Topping Seasoning for anyone who's not afraid to get a little feral about their air-fried, mashed, and baked potatoes — this blend of salt, garlic, and asiago cheese is so mouthwateringly delicious that you'll be dumping it on everything from popcorn to grilled cheese to guacamole. A pair of cheerful, super lightweight boxer-style shorts so comfy and adorable that you are about to put all other styles on notice for the rest of the year — especially since these are a MUCH cheaper alternative to the $98 Reformation version. A set of Honey Rosemary Moscow Mule tea bags — all the sophistication of tea and the 😜 of a cheeky cocktail, without the expensive bar bill and all the extra sugar to throw you out of whack. All you have to do is add three ounces of cold water, 1.5 ounces of hard liquor, and the tea sachet into a glass, and you'll have a delicious (far more AFFORDABLE!!) cocktail in one minute. Dr Teal's "Hawaiian Bliss" Epsom salt magnesium soak, a ~limited edition~ blend of red sea salt, papaya, and hibiscus, reviewers are so in love with that a ton of them are buying extra bags (or literally hoarding them) before the brand runs out. One reviewer went so far as to call it "heaven in a bag!" A Lululemon-inspired mini wristlet wallet set that looks just like their $50 version, and also easily holds cash, cards, and lip balms, so you don't have to deal with the whole muss and fuss of a purse if you're going on a walk around the neighborhood. Plus, you know what they say — keep your friends close and your beloved lippies closer. Spooky Summer, another beloved stress relief coloring book from Southern Lotus, a brand that's made itself famous on TikTok for its cozy, relaxing, easy-to-draw themes. This one is full of happy little spooks enjoying their favorite summer ~haunts~. A set of lightweight, oh-so-dainty ruffled pajamas inspired by the $89 Piyama version. Revievers are in loooove with this set for summer, saying the fabric is so high quality that it feels like linen. If you're looking for breezy warm weather loungewear, this adorable set fits the bill! A set of vintage-style botanical wall art prints to affordably bring all the timeless beauty of nature into your home without actually having to venture out into it. Catrice's Magic Shaper Face Cream Palette as an $8 alternative to the $88 (!!) Makeup Forever Palette. This includes a range of highly-pigmented, super blendable shades to help you contour, highlight, and bronze on days when your Gcal just say "GO GO GO" all the way down. (Psst — this is the same brand behind the TikTok-famous $6 Under Eye Brightener, so you know they mean business!) A set of hypoallergenic gold-plated earrings you can mix and match to your aesthetic's content. Reviewers love how well these hold up over time, especially given the price! A charming and oh-so-comfortable tennis skirt with built-in shorts — reviewers compare the buttery soft quality to Lululemon's $78 Align Skirt, and love the secret inner pocket on the shorts for stashing keys and tennis balls. Kitsch's new "Ultra Petite" Satin Scrunchies for anyone who loves the hair-protective style of satin, but wants a lower profile than the big billowing versions. These are super gentle and prevent creasing, but still have an all-day firm hold. A slouchy open-back yoga top reviewers compare to a popular mall brand's $48 version 👀. If you're looking for a loose, soft, breezy option that won't overheat you in the summer, this "workout in the front, party in the back" shirt has got your name on it. A versatile ribbon scarf you can use as the perfect accent to any summer outfit, whether you're using it to tie back your hair, add some color and whimsy to your purse, or using as an elegant ascot. It's like buying a bunch of accessories for the price of one! A multipurpose blush stick reviewers compare to the $18 Pixi Beauty version — this version may be cheaper, but it's also easily buildable, blendable, and perfect for that light, dewy, "kissed by a happy pink cloud" look. An effortlessly chic woven straw summer clutch to pair perfectly with any summer outfit, whether you're kicking back at the beach or fancying it up for a wedding. This is basically the purse equivalent of that one friend of yours who's always like "Yeah, I'm down" before you even tell them the plans. A set of golden bracelets with so much variety that you'll be set for all moods and occasions, whether it's a low key weekday that calls for one dainty bracelet or a sparkly Friday night that calls for the whole bracelet brigade. A pair of elevated, effortlessly chic wide leg petal sweatpants that look like they fell out of an Anthropologie ad. Reviewers love how cozy and breathable these are, and that the style is perfect for indoor lounging *and* outdoor errands. An absolutely darling satin ribbon bow bookmark with such irresistible Belle vibes that it'll be a miracle if all your local pots and pans don't start singing to you as you pass. A weighted eye mask that's basically like a weighted blanket for your human eyes, designed to decrease stress and encourage ~deep sleep~. They also feature a 3D contour, so they're hollowed out in the middle and won't rest right on top of your eyes. An affordable sleeveless exercise romper you will be SO glad you bought on days when the sun is trying to bake you like cookie dough. These are medium-compressive, soft, breezy, and SUPER easy to throw on when your brain is too fried to match a top and a bottom in the heat. Bonus — these are comparable to Aerie, Abercrombie, and Hollister versions that can go for three times this price! A charming set of ceramic egg trays so versatile you'll always be glad to have them on hand — these are great for fresh and hardboiled egg storage, egg decorating, *and* for a lil' twist on an solo charcuterie journey if you want to put some snacks in each little slot. A super lightweight, loose-fitting, high-neck muscle tank for fans of the Lululemon version at a *much* lower price point. This is a breezy *dream* thanks to the quick-dry fabric, the cross-over pleat in the back, and the slight petal hem at the bottom.
Buzz Feed
01-07-2025
- Lifestyle
- Buzz Feed
28 Newer Skincare Products That'll Revamp Your Daily Routine From Start To Finish
Essence's Drop of Sunshine Bronzing Drops — this sheer, buildable formula is a perf $6 alternative to Drunk Elephant's version that goes for a whopping $39! Not only will this stuff leave you with a perfect sun-kissed glow, but it also contains glycerin to hydrate the skin barrier and vitamin E to soften the skin and smooth texture! Laneige's Neo Blurring Powder to instantly matte-ify your skin while helping it maintain its natural glow thanks to the blue hyaluronic acid. It even comes in a mess-free, travel-friendly case so you can take it on the go. That's a major upgrade to your routine, if I do say so myself. OR Catrice's Magic Shine Eraser if the *final* step in your skincare regimen involves trying literally anything and everything to prevent that unwanted oily layer from showing up uninvited. This gel-to-powder formula will help smooth, mattify, and refine your skin for a flawless blurring effect that'll feel like you're walking around with a filter on your face! It's compact enough to pop in your bag and take with you when you're traveling. A hair identifier spray because if dermaplaning has become an essential step in your routine, this stuff is about to change the game. This spray will lower your chances of missing a spot, and reviewers even say it left their skin feeling baby smooth because it helps the razor glide across the skin more easily! Sol De Janeiro's Delicia Drench Body Butter that'll shower you with fast-absorbing moisture that lasts all day long while working to improve your skin barrier. It also smells downright delightful, like the Cheirosa 59 body mist, to be exact — if you don't know, it's a tantalizing blend of vanilla orchid, sugared violet, and sandalwood. You're welcome! And Sol de Janeiro Delicia Drench Shower Oil, when you've officially found your fave scent and now you need it in every version possible. It comes in the form of a rich, foamy "oil to foam" blend, which lathers like a sudsy dream. Yup, shower/bath time is about to smell and feel a LOT more luxurious. Mixsoon Bean SPF 50 Sunscreen, a K-beauty product you def don't wanna sleep on because it's *actually* a residue-free formula that'll sit wonderfully under your makeup without feeling sticky. Call it a primer, call it a sunscreen — either way, your skin is about to be a very happy camper. Eos' Cashmere Skin Collection Shave Oil you won't stop raving about after trying it, which is likely the same reaction you had to the Eos body lotion that blew up on TikTok. Now it's available in a shave oil that smells just as delicious and will help protect your skin from bumps and burns. Even reviewers with sensitive skin swear by it. Plus, Eos Cashmere Vanilla Cashmere Whipped Oil Body Butter because can you ever really have enough of these delicious, hydrating concoctions? I think not. Sure, the OG lotion is great, but there's something about a ~whipped~ body butter that just hits different. It's thick but absorbs well and won't leave ya feeling greasy. Add this to your routine for smooth, supple skin that smells like a jar of vanilla whipped cream with a hint of musk and caramel. YUM! Olay Super Serum Body Wash if you and your dry skin are fighting for your lives out there and need all the help you can get. This formula is infused with shea butter, collagen peptides, and niacinamide to help restore moisture and nourish your skin with long-lasting hydration. It's basically the body wash version of their TikTok-famous facial Super Serum — iykyk! And Olay Super Cream with Sunscreen SPF 30 for anyone who's been searching high and low for a new face cream that truly does it all. It's lightweight yet ~super~ moisturizing with heavy-hitter ingredients like vitamins C and E, hyaluronic acid, and niacinamide. These can help visibly brighten skin, reduce dark spots and fine lines, and improve firmness, all while protecting from sun damage. Cosrx Advanced Snail Mucin Glass Glow Hydrogel Face Masks, aka the overnight face mask version of the brand's famous Snail Mucin Essence! It'll absorb into your skin within a few hours and become transparent as your face drinks up the 25% snail secretion filtrate, hyaluronic acid, and niacinamide! This will give you a heavy dose of hydration with a glass skin effect so good, you'll probably have to make a TikTok about it. The Inkey List Exosome Hydro-Glow Complex Serum that'll become a staple in your skincare routine after you see how well it increases your skin's firmness and minimizes the appearance of fine lines! This multi-functional, fast-absorbing serum uses plant-derived exosomes to boost collagen production, skin renewal, and overall repair for smooth, glowy skin that's visibly firmer. A wonderfully rich Eight Saints night cream, which will handle all the heavy lifting while you indulge in some beauty sleep. It's made with protein peptides that may help stimulate collagen production for firmer skin with improved elasticity. Don't forget about niacinamide for fading dark spots and discoloration and hyaluronic acid for boosting moisture. Medicube Turmeric Overnight Wrapping Peel Off Mask currently gaining traction on TikTok for allll the right reasons. Apply this K-beauty gem at night and you'll, quite literally, get your beauty rest while you sleep. It uses hydrolyzed collagen, vitamin C, and turmeric to help improve elasticity and even out your skin tone. Peel it off in the morning and admire your fresh new face! Plus! Medicube Deep Vitamin C Golden Capsule Face Moisturizer with tiny liposome capsules you can pop open on your skin to help brighten and smooth your complexion. Get ready for a punch of vitamin C and niacinamide that'll leave your skin positively radiant. The Ordinary Soothing & Barrier Support Serum, because sometimes your skin sends out a desperate SOS signal, and this product is the much-needed lifeline. It's formulated with a soothing blend of niacinamide, vitamin B12, and lipids that'll help soothe irritated skin, reduce redness, and leave your face with a gorgeous, hydrated glow. Summer Fridays Jet Leg Eye Patches, which is basically the under-eye version of the brand's famous mask + moisturizer reviewers are obsessed with. Now you can moisturize, soothe, and depuff your tired under-eye area too! These nonslip hydrogel eye patches will actually stay put and use glycerin and hyaluronic acid to lock in hydration. Bonus: It contains a blend of peptides and caffeine to firm the skin under your eyes. And Cocokind's Peptide Fine Line Eye Gel to breathe some much-needed life back into your tired eyes! This firming peptide complex can help encourage your skin's natural collagen production. It also contains squalene to support the skin barrier and prevent moisture loss. The subtle sheer pink tint helps to subtly brighten your under-eye area, too. A limited edition Eos Marshmallow "Super Balm" lip treatment — so limited, in fact, that it comes from the brand's "secret menu" — try not to obsessively lick your lips because it tastes like a cloud of toasted marshmallows mixed with a hint of vanilla. Most importantly, it contains nourishing cocoa, shea, and avocado butters to condition and protect lips for moisture that lasts all day long. A curved SPF 50 Airy Sunstick Smoothing Bar, which is a Korean skincare product that'll make you *excited* about the SPF step in your daily routine. This stick is contoured and covers a wide area, so it's easy to apply without any mess. It also goes on smooth and won't leave a sticky residue OR white cast behind. If you want a lightweight, semi-matte SPF that plays well with makeup, look no further. And Supergoop! SPF 40 Unseen Sunscreen *Stick* you'll never leave home without, especially considering it fits conveniently in your purse or even your pocket! If you already love the brand's liquid Unseen Sunscreen, the stick version is about to knock your socks off. It glides on effortlessly, so you don't have to get your hands all sticky when applying and reapplying. The new *unscented* Topicals Faded Brightening Serum that'll target dark spots, dullness, and hyperpigmentation like an absolute champ. Niacinamide helps reduce the appearance of discoloration while evening the skin tone *and* azelaic acid visibly brightens, improves texture, and fights free radicals. An Italian Bergamot Body Bar from Cremo, the creators of the internet-famous Baccarat Rouge 540-inspired body wash — enough said. This soap oozes a multi-layered luxurious scent that consists of Italian bergamot, neroli blossom, and fresh vetiver. Plus, it's infused with lava rock and oat kernel to help cleanse and buff away dead skin. It also contains hydrating shea butter to leave you feelin' smooth and moisturized. And Juno & Co. Body Oil Rinse perfect for dry, sensitive, or irritated skin that needs to be repaired ASAP. This skin-softening rinse is made up of rice bran oil to moisturize and restore elasticity *and* meadowfoam seed oil to help balance the skin's natural oil production. It also gives off a sweet and spicy aroma with notes of fresh florals, deep amber musk, melons, and pear. Pacifica's ~Dream~ Milk Magnesium Spray to set the stage for a nighttime routine so relaxing, you'll only wish you'd found it in a past life. Your newly nourished skin will thank you — it's infused with magnesium oil to calm and hydrate, and aloe to soothe and prevent peeling. Plus, the lavender and chamomile essential oils can help promote restful sleep. Good Molecules Pineapple Exfoliating Powder that reviewers have started comparing to the $68 Dermalogica version, so you know it's gotta be good. This gentle foaming powder is made with fruit enzymes, vitamin C, and rice powder to soften, brighten, and gently exfoliate. You can use it three to four times per week to help break down dead skin cells on the surface layer to reveal a smoother, more radiant complexion. The new Billie Coco Vanilla All-Day Deodorant — not only does it smell like heaven, aka coconut cream spiced with vanilla and sandalwood, but it's also free of aluminum and baking soda so you won't have to worry about it irritating your underarms. This lightweight, odor-fighting formula will keep you feeling fresh and smelling ahh-mazing all day long.
Yahoo
16-06-2025
- Business
- Yahoo
Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity Continues to scale operations with order for its second state-of-the-art battery module manufacturing line EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ('Eos' or the 'Company'), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers' option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company's successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters' option to purchase additional shares) and convertible senior notes due 2030. These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos' market potential and progress against its strategic plan. 'We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,' said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. 'Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.' The capital infusion strengthens Eos' ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company's debt. 'This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,' said Joe Mastrangelo, Chief Executive Officer of Eos. 'Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.' Use of Proceeds and Strategic Debt Restructuring Proceeds from the transactions were used to: Fully repurchase the Company's $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder. Prepay $50 million of outstanding borrowings due under the Company's Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP ('Cerberus'), and Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses. The $50 million prepayment on the DDTL resulted in key benefits: Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company's cost of capital. Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth. Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests. Waived call protection provisions, saving the Company $28.7 million in prepayment expense. Eos is currently working to obtain approval from the U.S. Department of Energy's Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan. Operational Momentum and Manufacturing Expansion Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company's plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency. Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter. System Performance and Field Integration As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage. Introduced during the Company's December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid. The Company's inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration. Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA's independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America. As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape. Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings. About EosEos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit Contacts Investors: ir@ media@ Forward Looking Statements Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers' ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company's most recent filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Yahoo
16-06-2025
- Business
- Yahoo
Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity Continues to scale operations with order for its second state-of-the-art battery module manufacturing line EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ('Eos' or the 'Company'), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers' option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company's successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters' option to purchase additional shares) and convertible senior notes due 2030. These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos' market potential and progress against its strategic plan. 'We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,' said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. 'Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.' The capital infusion strengthens Eos' ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company's debt. 'This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,' said Joe Mastrangelo, Chief Executive Officer of Eos. 'Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.' Use of Proceeds and Strategic Debt Restructuring Proceeds from the transactions were used to: Fully repurchase the Company's $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder. Prepay $50 million of outstanding borrowings due under the Company's Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP ('Cerberus'), and Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses. The $50 million prepayment on the DDTL resulted in key benefits: Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company's cost of capital. Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth. Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests. Waived call protection provisions, saving the Company $28.7 million in prepayment expense. Eos is currently working to obtain approval from the U.S. Department of Energy's Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan. Operational Momentum and Manufacturing Expansion Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company's plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency. Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter. System Performance and Field Integration As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage. Introduced during the Company's December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid. The Company's inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration. Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA's independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America. As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape. Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings. About EosEos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit Contacts Investors: ir@ media@ Forward Looking Statements Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers' ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company's most recent filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or in to access your portfolio
