$Eos Energy Enterprises Inc.(EOSE)$ just announced it will issue $100m in convertible bonds to Koch Strategic Platforms. Under the terms of this deal, the notes have an initial conversion price of $20, and are subject to usual anti-dilution provisions. This means there is the possibility the conversion price will be tweaked, and Koch can choose to convert all of its debt to shares of the company, with little to no loss on its initial investment. Seems as if it will be a similar situation like Silverlake and AMC.
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