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United States. Securities and Exchange Commission

ESS Tech, Inc. Announces Equity Purchase Agreement with YA II PN, Ltd.

Strategic Insights

— 1 min read

ESS Tech, Inc., a leading provider of energy storage solutions, has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd., a Cayman Islands exempt limited partnership. Under the agreement, ESS Tech will issue 250,000 shares of its common stock to YA II PN, Ltd. at a price of approximately $1.52 per share, generating net proceeds of approximately $379,900. The transaction is expected to be completed on or about October 1, 2025, and will be used to continue normal business operations related to ESS Tech's strategic pivot focused on the Energy Base product and ongoing contracting activities.

Key Takeaways:

  • The transaction involves the issuance of 250,000 shares of ESS Tech's common stock to YA II PN, Ltd. at a price of approximately $1.52 per share.
  • The net proceeds from the transaction are expected to be approximately $379,900.
  • ESS Tech will use the proceeds to continue normal business operations related to its strategic pivot focused on the Energy Base product and ongoing contracting activities.
  • The SEPA allows YA II PN, Ltd. to purchase shares of ESS Tech's common stock from time to time, with the goal of helping the company achieve its financial objectives.
  • ESS Tech's shares are listed on the NYSE under the symbol "GWH" and have a closing sale price of $1.52 per share as of September 30, 2025.
  • The company is an emerging growth company and a smaller reporting company under federal securities laws, subject to reduced public company reporting requirements.
  • Investing in ESS Tech's common stock involves risks, as outlined in the "Risk Factors" section of the prospectus supplement dated July 11, 2025.

Statistics:

  • 250,000 shares of common stock of ESS Tech, Inc. were offered to YA II PN, Ltd.
  • The purchase price of the shares was approximately $1.52 per share.
  • The total purchase price of the shares was approximately $379,900.
  • ESS Tech has a total of 15,390,884 shares of common stock outstanding after the offering.
  • The closing sale price of ESS Tech's common stock was $1.52 per share as of September 30, 2025.

Sources:

  • COMTEX_469182022/2255/2025-09-30T23:43:21
  • Prospectus Supplement No. 11 dated September 30, 2025
  • Prospectus Supplement dated July 11, 2025
  • Base Prospectus dated November 17, 2022
  • Registration Statement filed with the SEC
  • Current Report on Form 8-K filed with the SEC

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