ESS Tech, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $12.4M
- Price
- $0.4047
- % Change (Daily % change from the live per-ticker quote feed.)
- +3.37%
- Volume
- 2.9M
About
ESS Tech, Inc. is a global energy storage enterprise focused on developing and manufacturing iron flow batteries for commercial and large-scale utility applications. The company's product portfolio includes the Energy Warehouse, designed for on-site (behind-the-meter) energy management, and the Energy Center, an offering for grid-level (front-of-the-meter) power solutions. Founded in 2011, the firm maintains its headquarters in Wilsonville, Oregon.
Quick stats
Shares outstanding30.6M
Computed float24.0M
Float / shares78.3%
Key info
SectorIndustrials
IndustryElectrical Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001819438
Websitehttps://essinc.com
AI Summary
AI-generated1/35
minorbearishoffering
ESS Tech, Inc. Announces Closing of $3.2 Million Registered Direct Offering and Concurrent Private Placement
ESS Tech closed a $3.2 million registered direct offering, selling 6.4 million shares of common stock at a price of $0.50 per share.
Concurrent with the offering, the company issued warrants to purchase up to 12.8 million shares of common stock at an exercise price of $0.50, exercisable upon stockholder approval.
The company intends to use the net proceeds for general corporate purposes and working capital, with approximately $1.5 million allocated to repay amounts owing under a promissory note with YA II PN, Ltd.