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ESS Tech, Inc. 2025 Financial Report: Insights on Stock and Warrant Structures

$GWH
Form 8-K
Filed on: 2025-02-14
Source
ESS Tech, Inc. 2025 Financial Report: Insights on Stock and Warrant Structures

Based on the provided XML section from the financial report, here are the key extracted details and insights:

Key Information:

  1. Entity Information:
  • Company Name: ESS Tech, Inc.
  • CIK: 0001819438
  • Incorporation State: Delaware (DE)
  • SEC File Number: 001-39525
  • EIN: 98-1550150
  • Address: 26440 SW Parkway Ave., Bldg. 83, Wilsonville, OR 97070
  • Phone Number: (855) 423-9920
  1. Reporting Date:
  • Period Start Date: February 13, 2025
  • Period End Date: February 13, 2025
  1. Stock Information:
  • Common Stock: Par value of $0.0001 per share
  • Trading Symbol: GWH
  • Exchange: NYSE
  1. Warrants:
  • Warrants Description: Each warrant is exercisable for one share of common stock at an exercise price of $11.50.
  • Warrant Trading Symbol: GWH.W
  • Warrants Structure: Each fifteen warrants can be exercised for one share of common stock at an exercise price of $172.50.

Insights:

  • The report indicates that ESS Tech, Inc. is publicly traded on the NYSE under the symbol GWH, which suggests ongoing investor interest and access to capital markets.
  • The presence of warrants provides potential leverage for investors, indicating an opportunity for further capital raising or for existing shareholders to increase their stake at a predetermined price.
  • The par value of the common stock being very low ($0.0001) can imply a strategic pricing structure aimed at making shares more accessible, potentially appealing to a wider range of investors.
  • The specific mention of the period being only one day (February 13, 2025) suggests this filing may pertain to a specific event or corporate action happening on that date, which could be critical for investors and stakeholders to monitor.

This information may be valuable for potential investors assessing the company's capital structure, investment opportunities, and strategic direction.