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.
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.