Trending...
- Who Is Who International Awards - 2026 Official Event Announcement
- Dear Artificial Intelligence…Dear AI, Please help make me Rich and Famous!
- Researcher And Author Isis Jade Releases Free Documentary Revealing The First Universal Law Of
SAN FRANCISCO, Jan. 14, 2021 /PRNewswire/ -- Hagens Berman urges Eos Energy Enterprises, Inc. (NASDAQ: EOSE) investors to submit their losses now. The firm is investigating a potential securities fraud.
Eos Energy Enterprises, Inc. (EOSE) Investigation:
The firm is investigating whether Eos may have inaccurately disclosed its paying customers and certain investors may have valuable claims
Eos became a listed company during a November 2020 reverse merger with a special purpose acquisition company ("SPAC"). Before the merger, the company announced a flurry of customer commitments.
More on The Californer
But on Jan. 14, 2021, analyst Iceberg Research published "EOS Energy ($EOSE); Fake Customers won't Recharge a Dead Battery." According to the report, the company paints a rosy scenario about the competitive prospects of its technology, while concealing that the company signed commitments with customers that likely cannot pay. Iceberg's research into the three largest reported customers of Eos reveals that the largest has no relationship with the entity it, in turn, was supposed to supply. Similarly, the second largest customer is apparently not even funded, according to Iceberg.
Iceberg concludes "[w]e expect the dubious clients to be unable to pay" and estimates an imminent "90% downside from its current market cap of $1.4bn."
"We're focused on investor losses and whether Eos misrepresented its order book," said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you are an Eos Energy investor, click here to discuss your legal rights with Hagens Berman.
More on The Californer
Whistleblowers: Persons with non-public information regarding Eos Energy should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new 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 Reed Kathrein at 844-916-0895 or email mailto:[email protected].
About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 844-916-0895
SOURCE Hagens Berman Sobol Shapiro LLP
Related Links
https://www.hbsslaw.com
| Visit: www.hbsslaw.com/investor-fraud/EOSE | |
| Contact An Attorney Now: | [email protected] |
| 844-916-0895 |
Eos Energy Enterprises, Inc. (EOSE) Investigation:
The firm is investigating whether Eos may have inaccurately disclosed its paying customers and certain investors may have valuable claims
Eos became a listed company during a November 2020 reverse merger with a special purpose acquisition company ("SPAC"). Before the merger, the company announced a flurry of customer commitments.
More on The Californer
- eRacks Publishes a Private-AI Sizing Guide: 70B-Class Models Run On-Premise from $5,995
- Magic AC Mount is the only NYC compliant mounting solution that requires no drilling
- Award Winning Documentary DEADBEAT Now Streaming Globally on Apple TV
- June Employment Report Reveals Hidden Weakness Beneath Lower Unemployment
- 3 Bracelets That Instantly Make a Summer Outfit Look More Expensive
But on Jan. 14, 2021, analyst Iceberg Research published "EOS Energy ($EOSE); Fake Customers won't Recharge a Dead Battery." According to the report, the company paints a rosy scenario about the competitive prospects of its technology, while concealing that the company signed commitments with customers that likely cannot pay. Iceberg's research into the three largest reported customers of Eos reveals that the largest has no relationship with the entity it, in turn, was supposed to supply. Similarly, the second largest customer is apparently not even funded, according to Iceberg.
Iceberg concludes "[w]e expect the dubious clients to be unable to pay" and estimates an imminent "90% downside from its current market cap of $1.4bn."
"We're focused on investor losses and whether Eos misrepresented its order book," said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you are an Eos Energy investor, click here to discuss your legal rights with Hagens Berman.
More on The Californer
- The Winter's Tale at Theatre School @ North Coast Rep
- Atomic Rock Launches $10K 'Enter The Reactor' Tournament to Discover Breakout Independent Acts
- Scapin at North Coast Repertory Theatre
- Tracking Lease Critical Dates Is Getting Automated in 2026
- Insurance Claims Management Is Going AI-First in 2026
Whistleblowers: Persons with non-public information regarding Eos Energy should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new 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 Reed Kathrein at 844-916-0895 or email mailto:[email protected].
About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 844-916-0895
SOURCE Hagens Berman Sobol Shapiro LLP
Related Links
https://www.hbsslaw.com
Filed Under: Business
0 Comments
Latest on The Californer
- Make America French Again Launches National Campaign
- RAS AP Consulting Expands AP Governance & Automation Practice and Named Finalist for Heidelberg Materials SAP Vendor & Customer Data Project
- Plaza Mexico presents 'Golazo Fest III'
- California: Hey, NIMBY Huntington Beach…you tired of losing yet?
- Diffractive networks enable optical information transfer through random and unknown diffusers
- California: El Gobernador Newsom y la Tesorera Estatal Fiona Ma anuncian colaboración con Early Wealth Partnership para facilitar el acceso de las familias a recursos financieros para sus hijos
- Cal State LA earns five-star rating in Money.com's Best Colleges in America rankings
- U.S. Congressional Candidate Pete Verbica on High Costs in California: It's Time to Build a New American Ladder
- Bridge Publications honored with Hermes Gold Award for commemorative edition of the book Dianetics
- Ike's Love & Sandwiches Makes Its Pitch to LeBron James
- New Report Reveals California's Most Dangerous and Safest Cities for Fourth of July
- Crime reaches historic lows, California's public safety investments deliver results
- New College of Arts and Sciences Dean at California Lutheran University
- Decode Digital Works Launches Executive Leadership Platform for Enterprise Technology Leaders
- California: Governor Newsom proclaims Independence Day 2026
- Pervaziv AI Introduces Cortex 5.0, Advancing Model Independence with Cortex-LLM-1.0
- Governor Newsom swears in Rohit Chopra as Secretary of the new California Business and Consumer Services Agency
- New Digestive Evaluation Pathway Helps Clients Understand Gut Stress Patterns and Wellness Support
- California: Governor Newsom, State Treasurer Fiona Ma, CPA announce collaboration with Early Wealth Partnership to help families better access financial resources
- Jeanne Marie Spicuzza Book 'Love is' Available In June