August 13, 2022

Pullman-BLN

Legal With Effect

INVESTIGATION REMINDER: The Schall Legislation Organization Announces it is Investigating Claims Versus Eos Electricity Enterprises, Inc. and Encourages Traders with Losses of $100,000 to Get in touch with the Agency

LOS ANGELES–(Organization WIRE)–The Schall Regulation Business, a countrywide shareholder rights litigation company, announces that it is investigating statements on behalf of traders of Eos Vitality Enterprises, Inc. (“Eos Energy” or “the Company”) (NASDAQ: EOSE) for violations of the securities guidelines.

The investigation focuses on whether or not the Corporation issued false and/or deceptive statements and/or unsuccessful to disclose data pertinent to traders. Eos Electricity is the matter of a report revealed by Iceberg Investigate on January 14, 2021. The report, titled “Eos Power ($EOSE): Phony Customers Will not Recharge a Useless Battery,” alleges that the Company suffers from “failed technological know-how and dubious customers.” The report states that “the disclosed buyers are really unlikely to have the fiscal means to honour their contracts,” and “estimate[s] that EOS’ equity is worthy of only $144M . . . which signifies a 90% draw back from its present-day sector cap of $1.5B.” Based mostly on this information, shares of Eos Electrical power fell by far more than 13.5% on the exact same day.

If you are a shareholder who experienced a reduction, simply click here to take part.

We also really encourage you to get hold of Brian Schall of the Schall Regulation Agency, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to focus on your legal rights absolutely free of charge. You can also arrive at us by way of the firm’s internet site at www.schallfirm.com, or by electronic mail at [email protected]

The Schall Legislation Company signifies buyers all around the planet and specializes in securities course motion lawsuits and shareholder legal rights litigation.

This press release may possibly be viewed as Legal professional Advertising in some jurisdictions under the relevant law and rules of ethics.