EOS provides responsible manufacturing solutions via industrial 3D printing technology to manufacturers around the world. Connecting high quality production efficiency with its pioneering innovation and sustainable practices, the independent company formed in 1989 will shape the future of manufacturing. Powered by its platform-driven digital value network of machines and a holistic portfolio of services, materials and processes. EOS deeply committed to fulfilling its customers’ needs and acting responsibly for our planet.

For a full list of our products and services, please visit our website: www.eos.info

For our privacy policy please click: https://www.eos.info/en/footer/privacy-policy 

If you are a shareholder who suffered a loss, click here to participate.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) that, as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) that, as such, Eos's backlog was overstated; (4) that such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, 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.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

EOSE Investors Have Opportunity to Lead Eos Energy Enterprises, Inc. Securities Fraud Lawsuit

EOS Energy Enterprises (NASDAQ:EOSE) on Friday jumped as much as 48% before trimming its gain as analysts at financial-services firm Guggenheim Partners upgraded the maker of utility-scale batteries to Buy from a previous rating of Neutral.

They said EOS Energy (EOSE) is poised for gains after receiving a $398.6 million loan commitment from the U.S. Department of Energy to expand its manufacturing capacity.

"If there is room for a long-duration energy storage technology in the market, EOS Energy (EOSE) now looks like a decent candidate for the role," Joseph Osha, analyst at Guggenheim Partners, said in a September 1 report.

Guggenheim set a price target of $10 a share on EOS Energy (EOSE), based on a multiple of 23 times estimated Ebitda for 2025, and discounting the implied enterprise value to the present at 25% a year.

Guggenheim said EOS Energy (EOSE), which makes zinc-based batteries, faces significant competition in energy storage from other technologies such as lithium-ion batteries.

"To date, no competing battery technology has managed to reach scale. A number of companies have failed, and EOS Energy (EOSE) has not yet demonstrated that it can manufacture its product competitively at scale," Guggenheim said. "On the other hand, with several product generations behind it and 150 megawatt hours of product in the field, EOS Energy (EOSE) is further along than any other non lithium-ion technology that we know of, other than pumped hydro at least."

A megawatt hour is enough to power the average U.S. home for 1.2 months.

EOS Energy jumps as Guggenheim upgrades to Buy (NASDAQ:EOSE)

Guggenheim analyst Joseph Osha upgraded Eos Energy Enterprises Inc EOSE to Buy from Neutral with a price target of $10.

The analyst is bullish on the company receiving a $400 million conditional loan commitment from the Department of Energy.

The company launched Project AMAZE, American Made Zinc Energy, a $500 million planned expansion to build 8 GWh of clean energy storage production capacity.

The analyst believes EOSE's path to success still includes challenges, even with the conditional commitment given the high competition and the absence of display of capability to manufacture its product competitively at scale.

Nevertheless, the analyst believes EOSE's product portfolio is better than any other non-lithium-ion technology provider and expects the company to benefit from the opportunity for a need for long-duration energy storage technology in the market.

Osha revised estimates for revenue and EPS loss to $271.8 million (from $237.5 million) and $(0.78) from $(1.03) for FY24 and $628.3 million (from $521.3 million) and $0.14 (from $(0.46)) for FY25.

The analyst has raised FY23-FY25 estimates on a more rapid production ramp as the company is less constrained by funding issues. Osha expects EOSE shipping 1.2GWh in 2024, 2.6GWh in 2025, and 5.2GWh in 2026.

Price Action: EOSE shares are trading higher by 22.5% at $3.98 on the last check Friday.

Is Now The Time To Buy Eos Energy Amid $400M DOE Loan And Project AMAZE? Analyst Weighs In - Eos Energy Enterprises (NASDAQ:EOSE)

Guggenheim analyst Joseph Osha upgraded Eos Energy Enterprises Inc (NASDAQ: EOSE) to Buy from Neutral with a price target of $10.

The analyst is bullish on the company receiving a $400 million conditional loan commitment from the Department of Energy.

The company launched Project AMAZE, American Made Zinc Energy, a $500 million planned expansion to build 8 GWh of clean energy storage production capacity.

The analyst believes EOSE's path to success still includes challenges, even with the conditional commitment given the high competition and the absence of display of capability to manufacture its product competitively at scale.

Nevertheless, the analyst believes EOSE's product portfolio is better than any other non-lithium-ion technology provider and expects the company to benefit from the opportunity for a need for long-duration energy storage technology in the market.

Osha revised estimates for revenue and EPS loss to $271.8 million (from $237.5 million) and $(0.78) from $(1.03) for FY24 and $628.3 million (from $521.3 million) and $0.14 (from $(0.46)) for FY25.

The analyst has raised FY23-FY25 estimates on a more rapid production ramp as the company is less constrained by funding issues. Osha expects EOSE shipping 1.2GWh in 2024, 2.6GWh in 2025, and 5.2GWh in 2026.

Price Action: EOSE shares are trading higher by 22.5% at $3.98 on the last check Friday.

Is Now The Time To Buy Eos Energy Amid $400M DOE Loan And Project AMAZE? Analyst Weighs In By Benzinga

NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Eos Energy Enterprises, Inc. EOSE EOSEW))) between May 9, 2022 and July 27, 2023, both dates inclusive (the "Class Period"), of the important October 2, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Eos securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Eos class action, go to https://rosenlegal.com/submit-form/?case_id=18041 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 2, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) as such, Eos's backlog was overstated; (4) such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy ("DOE"); and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Eos Energy Enterprises, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - EOSE, EOSEW - Eos Energy Enterprises (NASDAQ:EOSE)

1. On June 16, 2022, the reporting person was granted stock options to purchase 200,000 shares of common stock. The stock options vest in two equal installments based on the achievement of certain performance conditions during specified time periods (each, a "Milestone Event"), with the full vesting of the applicable tranche of stock options to occur 60 days after the achievement of the applicable Milestone Event. The second of the Milestone Events was achieved on August 31, 2023 and the stock options with respect to 100,000 shares of common stock will become fully vested and exercisable on the 60th day following the date of the achievement of the Milestone Event, subject to the reporting person's continued employment with the issuer through such date.

Form  4          Eos Energy Enterprises,   For: Aug 31  Filed by: Berube Melissa

NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Eos Energy Enterprises, Inc. (NASDAQ: EOSE, EOSEW) between May 9, 2022 and July 27, 2023, both dates inclusive (the "Class Period"), of the important October 2, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Eos securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Eos class action, go to https://rosenlegal.com/submit-form/?case_id=18041 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 2, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) as such, Eos's backlog was overstated; (4) such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy ("DOE"); and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Eos class action, go to https://rosenlegal.com/submit-form/?case_id=18041 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Eos Energy Enterprises, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - EOSE, EOSEW

A containerized energy storage system is pictured at Eos Energy's Turtle Creek facility.

New Jersey-based battery company Eos Energy is expanding at its Mon Valley facility and creating a $500 million program that elected officials say will create hundreds of jobs locally.

U.S. Rep. Summer Lee, D-Swissvale, announced Thursday that the U.S. Department of Energy has made a conditional commitment on a nearly $400 million loan to Eos Energy to support the AMAZE project at the company's Turtle Creek facility.

Lee said the investment will help the company meet demand for Long Duration Energy Storage and will expand the local workforce at Eos, up to about 1,000 workers from more than 300 now. The project also will create 50 unionized construction jobs, Lee said.

"Our region can be a leader in this new, green economy and projects like AMAZE will make that a reality," Lee said. "This investment and these jobs are just the start."

The $500 million AMAZE project will build 8 gigawatt hours of clean energy storage production capacity, according to Eos. The company said it aims to move to 100% U.S-sourced material by 2026.

U.S. Sen. Bob Casey, D-Scranton, heralded the funding and said the Mon Valley is a great location to see growth in the clean energy sector.

"Pennsylvania has powered our nation for generations, so it's no surprise that workers in the Mon Valley are going to lead the way on clean energy storage production," Casey said in a statement.

Eos CEO Joe Mastrangelo said the federal Inflation Reduction Act, which includes $369 billion for climate change mitigation, is helping the battery-maker move to scale up energy storage capacity.

"Project AMAZE should allow Eos to fully commercialize a safe American-made energy storage alternative aimed at creating a resilient, diversified lower carbon energy future," he said in a statement.

The Department of Energy loan will cover about 80% of the funding for the AMAZE project.

"If we are going to move more towards climate resiliency, we need government investments and government resources," she said. "And it is possible."

Federal loan to support $500M expansion at Eos Energy's Mon Valley facility

NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of RTX Corporation RTX, Eos Energy Enterprises EOSE, and Apellis Pharmaceuticals, Inc. APLS. Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

On July 25, 2023, Reuters released an article entitled "RTX shares tumble on Pratt & Whitney airliner engine problem," which reported that "more than 1,000 [GTF] engines must [be] removed from Airbus planes and checked for microscopic cracks." Reuters further reported that "RTX said it was reducing its 2023 cash-flow forecast by $500 million to $4.3 billion due to the inspections."

On this news, the price of RTX shares declined by more than 10%, damaging investors.

The RTX class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) the GTF engines had been affected from at least 2015-2020 by a quality control issue; and (ii) this quality control issue would require RTX to recall and reinspect many of its GTF airplanes, affecting customers and harming its business.

For more information on the RTX class action go to: https://bespc.com/cases/RTX

On July 27, 2023, during market hours, Iceberg Research ("Iceberg") published a report titled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." Iceberg elaborated that "Bridgelink Commodities, accounts for half of EOS's backlog by MWh or ~62% ($331 million) of its total dollar value" but that Iceberg "decided to dig into this customer's background and uncovered a group whose assets were recently seized by a creditor and sold in an auction." Iceberg added that "[w]e wonder how EOS can still present Bridgelink as a major client" and that "EOS continues to include Bridgelink in its backlog, and is likely to have made the same representations when applying for the Department of Energy loan." Iceberg concluded that its findings "completely undermine the authenticity of EOS Energy's promoted backlog."

On this news, the Company's stock price fell $0.83 per share, or 23.9%, to close at $2.65 per share on July 27, 2023, on unusually heavy trading volume.

On July 27, 2023, after the market closed, Eos issued a press release titled "Eos Energy Enterprises Provides Preliminary Results & Issues Statement Regarding Its Customer Commitments and Backlog." Therein, the Company attempted to address the issues that Iceberg identified. Eos stated that "[t]he Company believes that its customer, Bridgelink Commodities, LLC, is a separate legal entity which is not implicated in the legal matters highlighted in today's statements" and that "[t]his customer, representing 45% of the Company's backlog, reconfirmed today that it continues to build pipeline and is actively seeking financing for energy storage projects covered by Eos's multi-year Master Supply Agreement." Eos also stated that "[t]he Company continues to progress through the Department of Energy (DOE) Loan Programs Office's (LPO) process for its Title XVII loan and is awaiting a conditional approval decision which may be taking longer due to changes from the recent Interim Final Rule announced in May."

On this news, the Company's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) that, as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) that, as such, Eos's backlog was overstated; (4) that such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

For more information on the Eos class action go to: https://bespc.com/cases/EOSE

Apellis is a commercial-stage biopharmaceutical company that focuses on the discovery, development, and commercialization of therapeutic compounds through the inhibition of the complement system for autoimmune and inflammatory diseases.

One of Apellis's leading therapeutic treatments, "SYFOVRE," is an intravitreal pegcetacoplan injection that is the first and only approved therapy for geographic atrophy ("GA"), a leading cause of blindness. SYFOVRE is designed to provide comprehensive control of the complement cascade, part of the body's immune system. In February 2023, SYFOVRE was approved by the U.S. Food and Drug Administration in the United States for the treatment of GA secondary to age-related macular degeneration.

The Class Period begins on January 28, 2021, the day of Apellis's Virtual Investor Event wherein Apellis gave an online presentation to shareholders titled, "Pegcetacoplan: Advancing the First Potential Treatment for Geographic Atrophy (GA)," which highlighted its ongoing Phase 3 "DERBY and OAKS" clinical trials and its completed Phase 2 "FILLY" clinical trial. In its presentation to shareholders, Apellis touted the efficacy of using pegcetacoplan in patients with GA, including that the Phase 2 FILLY trial showed decreased lesion growth and that safety was "in line with other studies of intravitreally administered agents."

Throughout the Class Period, Defendants repeatedly represented that SYFOVRE "demonstrated a favorable safety profile" with minimal adverse effects and "no events of retinal vasculitis or retinal vein occlusion" observed.

Notwithstanding Defendants' claims regarding the safety of SYFOVRE, investors began to learn the truth on July 15, 2023, when the American Society of Retina Specialists ("ASRS") published a letter highlighting concerns with SYFOVRE. Specifically, the ASRS indicated that physicians have reported cases of eye inflammation in patients treated with SYFOVRE, including six instances of occlusive retinal vasculitis, a type of inflammation that blocks blood flow through the vessels that feed the retina and potentially results in blindness. On this news, the price of Apellis common stock declined $32.04 per share, or nearly 38%, from a close of $84.50 per share on July 14, 2023, to close at $52.46 per share on July 17, 2023.

After the market closed on July 17, 2023, Apellis issued a statement addressing the concerns raised by ASRS regarding vasculitis and SYFOVRE, explaining that, of the six occurrences of vasculitis following SYFOVRE treatment, "two of the events were confirmed as occlusive, one was confirmed as non-occlusive, and the remaining three were undetermined based on limited information and lack of imaging." Apellis further acknowledged that "[t]he Company is continuing to conduct a thorough investigation of each of the events, working closely with the [ASRS] and several external specialists." On this news, the price of Apellis common stock declined an additional $12.46 per share, or 23.75%, to close at $40.00 per share on July 18, 2023.

Then, prior to the open of the market on July 20, 2023, Wedbush downgraded Apellis's price target by more than 50%, from $86.00 per share to $40.00 per share. On this news, the price of Apellis common stock declined $6.25 per share, or approximately 15%, from a close of $40.49 per share on July 19, 2023, to close at $34.24 per share on July 20, 2023.

Finally, on July 29, 2023, Apellis provided an update on the company's review of the six events of retinal vasculitis reported by the ASRS concerning SYFOVRE treatments. In the update, Apellis confirmed a seventh event of retinal vasculitis resulting from SYFOVRE treatment as determined by Apellis's internal safety committee and external retina/uveitis specialists. Apellis also stated that the company is evaluating an eighth reported event of retinal vasculitis, which Apellis had not yet confirmed. On this news, the price of Apellis common stock declined $6.27 per share, or 19%, from a close of $32.02 per share on July 28, 2023, to close at $25.75 per share on July 31, 2023.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the company's business and operations. Specifically, Defendants misrepresented and/or failed to disclose that: (1) the design of SYFOVRE's clinical trials was insufficient to identify incidents of retinal vasculitis in patients receiving SYFOVRE injections; (2) as a result, the commercial adoption of SYFOVRE was subject to significant, unknown risk factors; and (3) therefore, Defendants' statements about the company's business, operations, and prospects lacked a reasonable basis.

For more information on the Apellis class action go to: https://bespc.com/cases/APLS

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against RTX, Eos, and Apellis and Encourages Investors to Contact the Firm - Apellis Pharmaceuticals (NASDAQ:APLS), Eos Energy Enterprises (NASDAQ:EOSE)

NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of RTX Corporation (NYSE: RTX), Eos Energy Enterprises (NASDAQ: EOSE), and Apellis Pharmaceuticals, Inc. (NASDAQ: APLS). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

On July 25, 2023,Â ReutersÂ released an article entitled âRTX shares tumble on Pratt & Whitney airliner engine problem,â which reported that âmore than 1,000 [GTF] engines must [be] removed from Airbus planes and checked for microscopic cracks.âÂ ReutersÂ further reported that âRTX said it was reducing its 2023 cash-flow forecast by $500 million to $4.3 billion due to the inspections.â

On this news, the price of RTX shares declined by more than 10%, damaging investors.

TheÂ RTXÂ class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) the GTF engines had been affected from at least 2015-2020 by a quality control issue; and (ii) this quality control issue would require RTX to recall and reinspect many of its GTF airplanes, affecting customers and harming its business.

For more information on the RTX class action go to: https://bespc.com/cases/RTX

On July 27, 2023, during market hours, Iceberg Research (âIcebergâ) published a report titled â62% Of $Eoseâs Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May.â Therein, Iceberg alleged that, while the fate of Eos ârests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023,â the backlog âis fake.â Iceberg elaborated that âBridgelink Commodities, accounts for half of EOSâs backlog by MWh or ~62% ($331 million) of its total dollar valueâ but that Iceberg âdecided to dig into this customerâs background and uncovered a group whose assets were recently seized by a creditor and sold in an auction.â Iceberg added that â[w]e wonder how EOS can still present Bridgelink as a major clientâ and that âEOS continues to include Bridgelink in its backlog, and is likely to have made the same representations when applying for the Department of Energy loan.â Iceberg concluded that its findings âcompletely undermine the authenticity of EOS Energyâs promoted backlog.â

On this news, the Companyâs stock price fell $0.83 per share, or 23.9%, to close at $2.65 per share on July 27, 2023, on unusually heavy trading volume.

On July 27, 2023, after the market closed, Eos issued a press release titled âEos Energy Enterprises Provides Preliminary Results & Issues Statement Regarding Its Customer Commitments and Backlog.â Therein, the Company attempted to address the issues that Iceberg identified. Eos stated that â[t]he Company believes that its customer, Bridgelink Commodities, LLC, is a separate legal entity which is not implicated in the legal matters highlighted in todayâs statementsâ and that â[t]his customer, representing 45% of the Companyâs backlog, reconfirmed today that it continues to build pipeline and is actively seeking financing for energy storage projects covered by Eosâs multi-year Master Supply Agreement.â Eos also stated that â[t]he Company continues to progress through the Department of Energy (DOE) Loan Programs Officeâs (LPO) process for its Title XVII loan and is awaiting a conditional approval decision which may be taking longer due to changes from the recent Interim Final Rule announced in May.â

On this news, the Companyâs stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companyâs business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bridgelink Commodities, LLC (âBridgelinkâ) is connected to a group whose assets were seized by a creditor and sold in an auction; (2) that, as such, Bridgelinkâs commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) that, as such, Eosâs backlog was overstated; (4) that such overstatement negatively impacts Eosâs ability to secure a loan from the Department of Energy; and (5) that, as a result of the foregoing, Defendantsâ positive statements about the Companyâs business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

For more information on the Eos class action go to: https://bespc.com/cases/EOSE

Apellis is a commercial-stage biopharmaceutical company that focuses on the discovery, development, and commercialization of therapeutic compounds through the inhibition of the complement system for autoimmune and inflammatory diseases.

One of Apellisâs leading therapeutic treatments, âSYFOVRE,â is an intravitreal pegcetacoplan injection that is the first and only approved therapy for geographic atrophy (âGAâ), a leading cause of blindness. SYFOVRE is designed to provide comprehensive control of the complement cascade, part of the bodyâs immune system. In February 2023, SYFOVRE was approved by the U.S. Food and Drug Administration in the United States for the treatment of GA secondary to age-related macular degeneration.

The Class Period begins on January 28, 2021, the day of Apellisâs Virtual Investor Event wherein Apellis gave an online presentation to shareholders titled, âPegcetacoplan: Advancing the First Potential Treatment for Geographic Atrophy (GA),â which highlighted its ongoing Phase 3 âDERBY and OAKSâ clinical trials and its completed Phase 2 âFILLYâ clinical trial. In its presentation to shareholders, Apellis touted the efficacy of using pegcetacoplan in patients with GA, including that the Phase 2 FILLY trial showed decreased lesion growth and that safety was âin line with other studies of intravitreally administered agents.â

Throughout the Class Period, Defendants repeatedly represented that SYFOVRE âdemonstrated a favorable safety profileâ with minimal adverse effects and âno events of retinal vasculitis or retinal vein occlusionâ observed.

Notwithstanding Defendantsâ claims regarding the safety of SYFOVRE, investors began to learn the truth on July 15, 2023, when the American Society of Retina Specialists (âASRSâ) published a letter highlighting concerns with SYFOVRE. Specifically, the ASRS indicated that physicians have reported cases of eye inflammation in patients treated with SYFOVRE, including six instances of occlusive retinal vasculitis, a type of inflammation that blocks blood flow through the vessels that feed the retina and potentially results in blindness. On this news, the price of Apellis common stock declined $32.04 per share, or nearly 38%, from a close of $84.50 per share on July 14, 2023, to close at $52.46 per share on July 17, 2023.

After the market closed on July 17, 2023, Apellis issued a statement addressing the concerns raised by ASRS regarding vasculitis and SYFOVRE, explaining that, of the six occurrences of vasculitis following SYFOVRE treatment, âtwo of the events were confirmed as occlusive, one was confirmed as non-occlusive, and the remaining three were undetermined based on limited information and lack of imaging.â Apellis further acknowledged that â[t]he Company is continuing to conduct a thorough investigation of each of the events, working closely with the [ASRS] and several external specialists.â On this news, the price of Apellis common stock declined an additional $12.46 per share, or 23.75%, to close at $40.00 per share on July 18, 2023.

Then, prior to the open of the market on July 20, 2023, Wedbush downgraded Apellisâs price target by more than 50%, from $86.00 per share to $40.00 per share. On this news, the price of Apellis common stock declined $6.25 per share, or approximately 15%, from a close of $40.49 per share on July 19, 2023, to close at $34.24 per share on July 20, 2023.

Finally, on July 29, 2023, Apellis provided an update on the companyâs review of the six events of retinal vasculitis reported by the ASRS concerning SYFOVRE treatments. In the update, Apellis confirmed a seventh event of retinal vasculitis resulting from SYFOVRE treatment as determined by Apellisâs internal safety committee and external retina/uveitis specialists. Apellis also stated that the company is evaluating an eighth reported event of retinal vasculitis, which Apellis had not yet confirmed. On this news, the price of Apellis common stock declined $6.27 per share, or 19%, from a close of $32.02 per share on July 28, 2023, to close at $25.75 per share on July 31, 2023.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the companyâs business and operations. Specifically, Defendants misrepresented and/or failed to disclose that: (1) the design of SYFOVREâs clinical trials was insufficient to identify incidents of retinal vasculitis in patients receiving SYFOVRE injections; (2) as a result, the commercial adoption of SYFOVRE was subject to significant, unknown risk factors; and (3) therefore, Defendantsâ statements about the companyâs business, operations, and prospects lacked a reasonable basis.

For more information on the Apellis class action go to: https://bespc.com/cases/APLS

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against RTX, Eos, and Apellis and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Eos Energy Enterprises ("Eos" or the "Company") (NASDAQ: EOSE) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired Eos securities between May 9, 2022 and June 27, 2023, both dates inclusive (the "Class Period"). Investors have until October 2, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On July 27, 2023, during market hours, Iceberg Research ("Iceberg") published a report titled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." Iceberg elaborated that "Bridgelink Commodities, accounts for half of EOS's backlog by MWh or ~62% ($331 million) of its total dollar value" but that Iceberg "decided to dig into this customer's background and uncovered a group whose assets were recently seized by a creditor and sold in an auction." Iceberg added that "[w]e wonder how EOS can still present Bridgelink as a major client" and that "EOS continues to include Bridgelink in its backlog, and is likely to have made the same representations when applying for the Department of Energy loan." Iceberg concluded that its findings "completely undermine the authenticity of EOS Energy's promoted backlog."

On this news, the Company's stock price fell $0.83 per share, or 23.9%, to close at $2.65 per share on July 27, 2023, on unusually heavy trading volume.

On July 27, 2023, after the market closed, Eos issued a press release titled "Eos Energy Enterprises Provides Preliminary Results & Issues Statement Regarding Its Customer Commitments and Backlog." Therein, the Company attempted to address the issues that Iceberg identified. Eos stated that "[t]he Company believes that its customer, Bridgelink Commodities, LLC, is a separate legal entity which is not implicated in the legal matters highlighted in today's statements" and that "[t]his customer, representing 45% of the Company's backlog, reconfirmed today that it continues to build pipeline and is actively seeking financing for energy storage projects covered by Eos's multi-year Master Supply Agreement." Eos also stated that "[t]he Company continues to progress through the Department of Energy (DOE) Loan Programs Office's (LPO) process for its Title XVII loan and is awaiting a conditional approval decision which may be taking longer due to changes from the recent Interim Final Rule announced in May."

On this news, the Company's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) that, as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) that, as such, Eos's backlog was overstated; (4) that such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased or otherwise acquired Eos shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

EOS ALERT :  Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Eos Energy Enterprises and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Eos Energy Enterprises ("Eos" or the "Company") EOSE in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired Eos securities between May 9, 2022 and June 27, 2023, both dates inclusive (the "Class Period"). Investors have until October 2, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On July 27, 2023, during market hours, Iceberg Research ("Iceberg") published a report titled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." Iceberg elaborated that "Bridgelink Commodities, accounts for half of EOS's backlog by MWh or ~62% ($331 million) of its total dollar value" but that Iceberg "decided to dig into this customer's background and uncovered a group whose assets were recently seized by a creditor and sold in an auction." Iceberg added that "[w]e wonder how EOS can still present Bridgelink as a major client" and that "EOS continues to include Bridgelink in its backlog, and is likely to have made the same representations when applying for the Department of Energy loan." Iceberg concluded that its findings "completely undermine the authenticity of EOS Energy's promoted backlog."

On this news, the Company's stock price fell $0.83 per share, or 23.9%, to close at $2.65 per share on July 27, 2023, on unusually heavy trading volume.

On July 27, 2023, after the market closed, Eos issued a press release titled "Eos Energy Enterprises Provides Preliminary Results & Issues Statement Regarding Its Customer Commitments and Backlog." Therein, the Company attempted to address the issues that Iceberg identified. Eos stated that "[t]he Company believes that its customer, Bridgelink Commodities, LLC, is a separate legal entity which is not implicated in the legal matters highlighted in today's statements" and that "[t]his customer, representing 45% of the Company's backlog, reconfirmed today that it continues to build pipeline and is actively seeking financing for energy storage projects covered by Eos's multi-year Master Supply Agreement." Eos also stated that "[t]he Company continues to progress through the Department of Energy (DOE) Loan Programs Office's (LPO) process for its Title XVII loan and is awaiting a conditional approval decision which may be taking longer due to changes from the recent Interim Final Rule announced in May."

On this news, the Company's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) that, as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) that, as such, Eos's backlog was overstated; (4) that such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased or otherwise acquired Eos shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

EOS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Eos Energy Enterprises and Encourages Investors to Contact the Firm - Eos Energy Enterprises (NASDAQ:EOSE)

LOS ANGELES, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming October 2, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Eos Energy Enterprises, Inc. ("Eos" or the "Company") EOSE securities between May 9, 2022 and July 27, 2023, inclusive (the "Class Period").

If you suffered a loss on your Eos investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Eos-Energy-Enterprises-Inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On July 27, 2023, during market hours, Iceberg Research ("Iceberg") published a report titled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." Iceberg elaborated that "Bridgelink Commodities, accounts for half of EOS's backlog by MWh or ~62% ($331 million) of its total dollar value" but that Iceberg "decided to dig into this customer's background and uncovered a group whose assets were recently seized by a creditor and sold in an auction." Iceberg added that "[w]e wonder how EOS can still present Bridgelink as a major client" and that "EOS continues to include Bridgelink in its backlog, and is likely to have made the same representations when applying for the Department of Energy loan." Iceberg concluded that its findings "completely undermine the authenticity of EOS Energy's promoted backlog."

On this news, the Company's stock price fell $0.83 per share, or 23.9%, to close at $2.65 per share on July 27, 2023, on unusually heavy trading volume.

On July 27, 2023, after the market closed, Eos issued a press release titled "Eos Energy Enterprises Provides Preliminary Results & Issues Statement Regarding Its Customer Commitments and Backlog." Therein, the Company attempted to address the issues that Iceberg identified. Eos stated that "[t]he Company believes that its customer, Bridgelink Commodities, LLC, is a separate legal entity which is not implicated in the legal matters highlighted in today's statements" and that "[t]his customer, representing 45% of the Company's backlog, reconfirmed today that it continues to build pipeline and is actively seeking financing for energy storage projects covered by Eos's multi-year Master Supply Agreement." Eos also stated that "[t]he Company continues to progress through the Department of Energy (DOE) Loan Programs Office's (LPO) process for its Title XVII loan and is awaiting a conditional approval decision which may be taking longer due to changes from the recent Interim Final Rule announced in May."

On this news, the Company's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) that, as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) that, as such, Eos's backlog was overstated; (4) that such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired Eos securities during the Class Period, you may move the Court no later than October 2, 2023 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Eos Energy Enterprises, Inc. (EOSE) - Eos Energy Enterprises (NASDAQ:EOSE)

LOS ANGELES, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming October 2, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Eos Energy Enterprises, Inc. ("Eos" or the "Company") (NASDAQ: EOSE) securities between May 9, 2022 and July 27, 2023, inclusive (the "Class Period").

If you suffered a loss on your Eos investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Eos-Energy-Enterprises-Inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On July 27, 2023, during market hours, Iceberg Research ("Iceberg") published a report titled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." Iceberg elaborated that "Bridgelink Commodities, accounts for half of EOS's backlog by MWh or ~62% ($331 million) of its total dollar value" but that Iceberg "decided to dig into this customer's background and uncovered a group whose assets were recently seized by a creditor and sold in an auction." Iceberg added that "[w]e wonder how EOS can still present Bridgelink as a major client" and that "EOS continues to include Bridgelink in its backlog, and is likely to have made the same representations when applying for the Department of Energy loan." Iceberg concluded that its findings "completely undermine the authenticity of EOS Energy's promoted backlog."

On this news, the Company's stock price fell $0.83 per share, or 23.9%, to close at $2.65 per share on July 27, 2023, on unusually heavy trading volume.

On July 27, 2023, after the market closed, Eos issued a press release titled "Eos Energy Enterprises Provides Preliminary Results & Issues Statement Regarding Its Customer Commitments and Backlog." Therein, the Company attempted to address the issues that Iceberg identified. Eos stated that "[t]he Company believes that its customer, Bridgelink Commodities, LLC, is a separate legal entity which is not implicated in the legal matters highlighted in today's statements" and that "[t]his customer, representing 45% of the Company's backlog, reconfirmed today that it continues to build pipeline and is actively seeking financing for energy storage projects covered by Eos's multi-year Master Supply Agreement." Eos also stated that "[t]he Company continues to progress through the Department of Energy (DOE) Loan Programs Office's (LPO) process for its Title XVII loan and is awaiting a conditional approval decision which may be taking longer due to changes from the recent Interim Final Rule announced in May."

On this news, the Company's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) that, as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) that, as such, Eos's backlog was overstated; (4) that such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired Eos securities during the Class Period, you may move the Court no later than October 2, 2023 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Eos Energy Enterprises, Inc. (EOSE)

NEW YORK, Aug. 4, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Eos Energy Enterprises, Inc. (NASDAQ: EOSE).

To receive updates on the lawsuit, fill out the form:

https://claimyourloss.com/securities/eos-class-action-loss-submission-form/?id=43069&from=4

The lawsuit seeks to recover losses for shareholders who purchased Eos between May 9, 2022 and July 27, 2023.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until October 2, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Eos Energy Enterprises, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) as such, Eos's backlog was overstated; (4) such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

JAKUBOWITZ LAW

1140 Avenue of the Americas

9th Floor

New York, New York 10036

T: (628) 895-0423

F: (212) 537-5887

EOSE Jakubowitz Law Reminds Eos Shareholders of a Lead Plaintiff Deadline of October 2, 2023

SAN DIEGO, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action against Eos Energy Enterprises, Inc. EOSE on behalf of persons and entities that purchased or acquired EOS securities between May 9, 2022 and July 27, 2023. Eos claims it designs, develops, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial & industrial ("C&I") applications.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: Eos Energy Enterprises, Inc. (EOSE) Made Misleading Statements Regarding its Financial Prospects

According to the complaint, Eos was originally incorporated in Delaware in June 2019 as a special purpose acquisition company named B. Riley Principal Merger Corp. II ("B. Riley"). Upon the completion of the business combination of B. Riley and Eos Energy Storage, LLC on November 16, 2020, the Company changed its name to Eos Energy Enterprises, Inc.

On July 27, 2023, during market hours, Iceberg Research ("Iceberg") published a report titled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." On this news, the Company's stock price fell $0.83 per share, or 23.9%, to close at $2.65 per share on July 27, 2023. That same day, after the market closed, Eos attempted to address the statements made by Iceberg. On this news, the Company's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023.

The complaint alleges that during the class period defendants failed to disclose to investors that: (1) Bridgelink Commodities, LLC is connected to a group whose assets were seized by a creditor and sold in an auction; (2) as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) consequently, Eos's backlog was overstated; and (4) such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy.

What Now: Similarly situated shareholders may be eligible to participate in the class action against Eos Energy Enterprises, Inc. Shareholders who want to act as lead plaintiff for the class should contact the firm. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.

To be notified if a class action against Eos Energy Enterprises, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Eos Energy Enterprises, Inc. (EOSE) Shareholder Notice: Robbins LLP Reminds Shareholders of Class Action Filed Against Eos Energy Enterprises, Inc. - Eos Energy Enterprises (NASDAQ:EOSE)

SAN DIEGO, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action against Eos Energy Enterprises, Inc. (NASDAQ: EOSE) on behalf of persons and entities that purchased or acquired EOS securities between May 9, 2022 and July 27, 2023. Eos claims it designs, develops, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial & industrial ("C&I") applications.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: Eos Energy Enterprises, Inc. (EOSE) Made Misleading Statements Regarding its Financial Prospects

According to the complaint, Eos was originally incorporated in Delaware in June 2019 as a special purpose acquisition company named B. Riley Principal Merger Corp. II ("B. Riley"). Upon the completion of the business combination of B. Riley and Eos Energy Storage, LLC on November 16, 2020, the Company changed its name to Eos Energy Enterprises, Inc.

On July 27, 2023, during market hours, Iceberg Research ("Iceberg") published a report titled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." On this news, the Company's stock price fell $0.83 per share, or 23.9%, to close at $2.65 per share on July 27, 2023. That same day, after the market closed, Eos attempted to address the statements made by Iceberg. On this news, the Company's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023.

The complaint alleges that during the class period defendants failed to disclose to investors that: (1) Bridgelink Commodities, LLC is connected to a group whose assets were seized by a creditor and sold in an auction; (2) as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) consequently, Eos's backlog was overstated; and (4) such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy.

What Now: Similarly situated shareholders may be eligible to participate in the class action against Eos Energy Enterprises, Inc. Shareholders who want to act as lead plaintiff for the class should contact the firm. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.

To be notified if a class action against Eos Energy Enterprises, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Eos Energy Enterprises, Inc. (EOSE) Shareholder Notice: Robbins LLP Reminds Shareholders of Class Action Filed Against Eos Energy Enterprises, Inc.

NEW YORK, Aug. 4, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Eos Energy Enterprises, Inc. ("Eos" or the "Company") EOSE. Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Eos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On July 27, 2023, Iceberg Research ("Iceberg") published a report entitled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." Iceberg elaborated that "Bridgelink Commodities, accounts for half of EOS's backlog by MWh or ~62% ($331 million) of its total dollar value" but that Iceberg "decided to dig into this customer's background and uncovered a group whose assets were recently seized by a creditor and sold in an auction." Iceberg added that "[w]e wonder how EOS can still present Bridgelink as a major client" and that "EOS continues to include Bridgelink in its backlog, and is likely to have made the same representations when applying for the Department of Energy loan." Iceberg concluded that its findings "completely undermine the authenticity of EOS Energy's promoted backlog."

Then, on July 27, 2023, after the market closed Eos issued a press release entitled "Eos Energy Enterprises Provides Preliminary Results & Issues Statement Regarding Its Customer Commitments and Backlog." Therein, the Company attempted to address the issues that Iceberg identified. Eos stated that "[t]he Company believes that its customer, Bridgelink Commodities, LLC, is a separate legal entity which is not implicated in the legal matters highlighted in today's statements" and that "[t]his customer, representing 45% of the Company's backlog, reconfirmed today that it continues to build pipeline and is actively seeking financing for energy storage projects covered by Eos's multi-year Master Supply Agreement." Eos also stated that "[t]he Company continues to progress through the Department of Energy (DOE) Loan Programs Office's (LPO) process for its Title XVII loan and is awaiting a conditional approval decision which may be taking longer due to changes from the recent Interim Final Rule announced in May."

On this news, Eos's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Eos Energy Enterprises, Inc. - EOS - Eos Energy Enterprises (NASDAQ:EOSE)

NEW YORK, Aug. 4, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Eos Energy Enterprises, Inc. ("Eos" or the "Company") (NASDAQ: EOSE). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Eos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On July 27, 2023, Iceberg Research ("Iceberg") published a report entitled "62% Of $Eose's Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May." Therein, Iceberg alleged that, while the fate of Eos "rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023," the backlog "is fake." Iceberg elaborated that "Bridgelink Commodities, accounts for half of EOS's backlog by MWh or ~62% ($331 million) of its total dollar value" but that Iceberg "decided to dig into this customer's background and uncovered a group whose assets were recently seized by a creditor and sold in an auction." Iceberg added that "[w]e wonder how EOS can still present Bridgelink as a major client" and that "EOS continues to include Bridgelink in its backlog, and is likely to have made the same representations when applying for the Department of Energy loan." Iceberg concluded that its findings "completely undermine the authenticity of EOS Energy's promoted backlog."

On this news, Eos's stock price fell $0.83 per share, or 23.85%, to close at $2.65 per share on July 27, 2023.

Then, on July 27, 2023, after the market closed Eos issued a press release entitled "Eos Energy Enterprises Provides Preliminary Results & Issues Statement Regarding Its Customer Commitments and Backlog." Therein, the Company attempted to address the issues that Iceberg identified. Eos stated that "[t]he Company believes that its customer, Bridgelink Commodities, LLC, is a separate legal entity which is not implicated in the legal matters highlighted in today's statements" and that "[t]his customer, representing 45% of the Company's backlog, reconfirmed today that it continues to build pipeline and is actively seeking financing for energy storage projects covered by Eos's multi-year Master Supply Agreement." Eos also stated that "[t]he Company continues to progress through the Department of Energy (DOE) Loan Programs Office's (LPO) process for its Title XVII loan and is awaiting a conditional approval decision which may be taking longer due to changes from the recent Interim Final Rule announced in May."

On this news, Eos's stock price fell $0.39 per share, or 14.7%, to close at $2.26 per share on July 28, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:

Robert S. Willoughby

Pomerantz LLP

rswilloughby@pomlaw.com

888-476-6529 ext. 7980

Pomerantz Law Firm Investigates Claims On Behalf of Investors of Eos Energy Enterprises, Inc. - EOS

In the constantly changing world of cryptocurrencies, a new project Pomerdoge (POMD) is causing a stir for all the right reasons. EOS (EOS) and The Graph (GRT) holders are paying close attention to it, even some holders started moving their funds to it. But does it have what it takes to become the meme coin of the year?

Click Here To Find Out More About The Pomerdoge (POMD) Presale

The EOS Network is an open-source blockchain platform that prioritizes performance, flexibility, security, and developer experience.

EOS price is currently trading at $0.723. It has dipped by -2.75% in the past week. The 24-hour volume is $106,814,236, showing a minor increase from the last day. Although generally, there is a slight bearish sentiment in the crypto market.

The 50-day SMA (simple moving average) is currently $ 0.72621. An average price of $0.726 on a 50-day range shows that EOS could still hit the support zone at $0.638 before seeing any positive price action. Since there is no forthcoming news, holders of EOS buy into the Pomerdoge presale to secure gains.

The Graph (GRT) is currently trading at $0.1084, marking a rise of 1.75 percent over the previous day. With a market cap of $1,005,491,620 and an active supply of 8,831,830,210 GRT coins, The Graph is ranked 44 on CoinMarketCap.

Although The Graph maximum supply is unknown, the current trading volume is $22,725,060. The price analysis on the token shows a short-term downtrend as a result of the current bearish market sentiment. The Graph still has solid support at the $0.1079 level despite the price adjustment to $0.1084. Investor caution is signaled by the market's lack of buying pressure.

The GRT/USD pair is presently trading at $0.1084, according to analysis of the 1-day chart on The Graph. If tested, the support at $0.1079 offers a possibility for a rebound. However, any meaningful upward momentum must overcome the $0.1104 resistance level.

The market for blockchain gaming will grow from $4.6 billion in 2022 to $65.7 billion in 2027, according to MarketsandMarkets prediction. Even 1% of this booming industry might make millions. This is one of the reasons why analysts are so bullish about the project and giving projections up to 4,000%.

Others include the Pomergame, NFT collection and Pomerplace, a marketplace for selling, buying and trading in-game items. The Pomerdoge roadmap outlines the project's upcoming crucial steps, including when influencer marketing will begin.

Also included is how the project will oversee the development process and user education. Lastly, significant milestones like the debut of the token on Uniswap, the addition of staking, and significant CEX listings.

Early purchasers of this project will have access to a limited-edition 7,777 NFT collection.

Find out more about the Pomerdoge (POMD) Presale Today

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