NEW YORK, NY / ACCESSWIRE / August 1, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Eos Energy Enterprises, Inc. ("Eos" or "the Company") (NASDAQ:EOSE). Investors who purchased Eos securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/eose.
The investigation concerns whether Eos has violated federal securities laws.
Investigation Details:
On July 27, 2023, Iceberg Research published a report alleging that Eos's touted 2.2 GWh energy storage system backlog, which Eos valued at $535 million at the end of March 2023, "is fake." Iceberg Research alleged that it dug into the background of Bridgelink Commodities, which accounts for half of Eos's backlog by MWh, or about 62% ($331 million) of its total dollar value, and "uncovered a group whose assets were recently seized by a creditor and sold in an auction."
On this news, Eos's stock price fell $0.83, or 23.9%, to close at $2.65 per share on July 27, 2023, thereby injuring investors.
What's Next?
If you are aware of any facts relating to this investigation or purchased Eos securities, you can assist this investigation by visiting the firm's site: www.bgandg.com/eose. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC