Press release content from Business Wire. The AP news staff was not involved in its creation.
INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Eos Energy Enterprises, Inc. (EOSE) on Behalf of Investors
January 22, 2021 GMT
BENSALEM, Pa.--(BUSINESS WIRE)--Jan 22, 2021--
Law Offices of Howard G. Smith continues its investigation on behalf of Eos Energy Enterprises, Inc. (“Eos Energy” or the “Company”) (NASDAQ: EOSE ) investors concerning the Company and its officers’ possible violations of federal securities laws.
On January 14, 2021, Iceberg Research published a report entitled “Eos Energy ($EOSE): Fake Customers Won’t Recharge a Dead Battery,” alleging among other things that Eos Energy has “failed technology and dubious customers.” Citing findings that “the disclosed customers are extremely unlikely to have the financial ability to honour their contracts,” the report “estimate[s] that EOS’ equity is worth only $144M . . . which represents a 90% downside from its current market cap of $1.5B.”