ESS Tech Raises $15 Million in Premium Priced Stock and Warrant Offering

Reuters01-29

ESS Tech Raises $15 Million in Premium Priced Stock and Warrant Offering

ESS Tech, Inc. announced it has entered into definitive agreements for a registered direct offering with institutional investors, involving the sale of approximately $15 million of shares of Common Stock and pre-funded warrants at $1.75 per share, a premium to the market price. The offering includes 8,571,428 shares of Common Stock or pre-funded warrants, which are immediately exercisable. The transaction is expected to close around January 30, 2026, with proceeds to be used for general corporate purposes and working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESS Tech Inc published the original content used to generate this news brief via Business Wire (Ref. ID: 20260129405372) on January 29, 2026, and is solely responsible for the information contained therein.

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