Jesse🔋

Frontier AI needs Frontier Power USA.

Dilution is relative to demand for the equity, confidence in execution & ultimately what the market is willing to pay for future cash flows. It’s all a formula right? But that exactly formula… can also have the markets showcase irrationally rich or cheap multiples for very long periods of time. The market will absorb larger capital structures when investors believe deployed capital creates materially higher enterprise value over time. Authorized shares are not the same thing as issued and outstanding shares, fully diluted shares, or float. The market constantly blends those concepts together. Biggest takeaway is authorized shares create capacity. Pro forma valuation depends on expected deployment and future fully diluted outcomes. There are countless retail sweetheart equities with authorized share counts materially above current outstanding shares. The differentiator is execution along with access to capital & revenue visibility beyond present year to have management convert capital to growth. It’s why I’ve said for years every dollar raised by Eos is a 10:1 conservatively in an actual scaled Hypergrowth model. Assumptions are many fixed & uncontrollable variables. Demand generation & operational execution. -> The market tolerates growth dilution far easier than stagnation dilution. Dilution for survival and dilution for extreme growth are on opposite sides of the spectrum. Until proven wrong, this is the belief to vote “for” in terms of supporting Eos Capital stack.

@howlongtoretire Yep...had to get my feelings under control first, but it's done. Math doesn't care about our feelings. lol

$EOSE Alright people, just hold your nose today and vote for the extra shares. In the end, it will probably be a massive win--but even if things don't work out according to the pipe dreams of 2023, this is still the lesser of the two evils. Get it done. All my 260k shares--FOR.

A couple mechanical points here that are important for $EOSE investors. The final rights offering terms have not been released yet. We currently have the framework, not the finalized prospectus supplement. What we know today is management referenced a pro rata structure, rights are expected to be transferable & warrants are expected alongside participation. The current warrant pricing language references an exercise price at a 20% discount to the 15-day VWAP at launch of the contemplated rights offering. But subscription pricing, finalized ratios, record date… & potential oversubscription mechanics have not been finalized. Pending shareholder vote. Important note for investors on X: If allocation is tied to ownership on the record date, selling BEFORE the record date would likely reduce entitlement. Typical rights offering approach: 1. Hold through record date 2. Rights allocation becomes locked 3. THEN decide whether to monetize a portion of common shares to fund participation Final note and SUPER important for folks: Most brokerages default to FIFO tax lot accounting unless manually changed. First In, First Out. So if someone sells shares to fund participation, they may unintentionally trigger gains/losses tied to their oldest lots first. It is your job to understand this before execution. Anyone who wants to participate needs to model tax implications relative to offered discounts, plus their desired short or long-term outcome. The only wrong way to do this is not having a personal plan. Again… YOUR plan. Not others on X. Back to the grill. 🇺🇸🍻

$EOSE Start planning now.

Have a safe Memorial Day weekend. 🇺🇸 - J

@JoeMastrangelo8 The opportunities staring you in the face are something most CEOs will never experience. Hope to see your 2019 supply chain decision really get its flowers here soon. Then we run. Side note: your voice on here matters.

@srvc76 Jesse, that slide was the point, not the problem. Before column: 34 to 42% average RTE, high variance. After with DawnOS: low-70s average, 88% peak.

$EOSE I want to be transparent. The ‘Specific Site Performance’ slide in the Q1 deck for RTE before DawnOS was disgusting. My equity ownership in the company has only increased since the disconnect following Q4 ER. But investors expect more updates, Joe.

@OBGInvestments Love it. Congrats. Let’s race

Woohoo! Looking forward to owning my first Tesla! FSD here we come! $TSLA

@philroberts @howlongtoretire YES. 👏

$EOSE “Longs” “WeN wiLl iNsiDeRs aDd sHaReS oN oPeN mArkEt?” (insiders add shares on open market) “wHaTeVeR, FiRe JoE!” _____ “WeN bEaT tHe sTrEeT?” (Beat the street) “cAnNoT tRuSt ThOsE nUmBeRs” _____ “WeN dEaLs?” (deals) “PfffT WeN mOaR dEaLs?” _____ “WeN mOaR feLT?” (Lots more felt) “pOoL tAbLeS” _____ “WeN LiNe tWo?” (Line 2) “LOL WeN LiNe ThReE?” 🤡

This’ll make you sit at end of your bed for a bit. Huge loss for the sport. But more importantly his entire family. Absolutely heartbreaking. RIP ❤️

$EOSE Headlining the birth of FPUSA & delivering in the short-term is a great stepping stone. It’s an expectation as a company graduates business stages it should be the norm. Well done. Now.. go deliver Indensity. ⚓️

@PoweredByEos A LinkedIn post from Joe is not a PR. The market needs to see Eos Energy momentum clearly… not have it buried inside the FPUSA narrative. Investors have put real capital and time into the ticker $EOSE … not FPUSA. This is unacceptable. You’re a global company.

Sustainable power. 🔋 #BYOP The demand curve is ahead of the power curve.

@bert_gilfoyle Bookmark the fingerprints. It takes one headline.

David Urban also recently bought 100k shares on the open market, when serious doubts arose about the company after it missed plan. When he first came on board, he said he was "all-in on doing all that I can" in helping $EOSE. He's been walking the talk.

David Urban bought $100k of equity in the open market 8 weeks before RSU settlement.

$EOSE Yesterday was not about price action. The setup has become more layered, with existing instruments & additional mechanics potentially adding complexity to a screaming upside case. Several strong writeups have already covered the details well. Stepping away for a bit. 🤟

☎️📈

@Browpeak Gap didn’t close bud

$EOSE I don't think i've ever seen a gap close like that before

Next up. 👇 $NVDA $250 will be hit post ER. It’ll be a historic guide and follow through before rotation. The market will then breathe for a bit. But anyone that’s placed shorts has only been gambling micro tops. Trump will be sending markets through May.

@xEBITDA Well said… & there’s even much more.

Trigger warning: Long post after digesting the ER. I think the market is still misunderstanding what the $EOSE/Cerberus JV actually represents. Most people are analyzing this like a normal strategic investment where Cerberus simply decided to back Eos. That’s not really the important part. The important part is that this may be one of the first serious attempts to solve the actual bottleneck in long-duration energy storage: project bankability. The issue with LDES was never simply demand. Everyone already understands the need for dispatchable power, AI/datacenter load balancing, grid resiliency and renewable integration. The real problem was always financing, insurance, guarantees, underwriting and project structuring. Utilities and hyperscalers do not want to coordinate a battery vendor, an insurer, a project finance group, EPC contractors, asset managers, software operators, and energy market specialists for every deployment. They want turnkey infrastructure with predictable economics and credible counterparties standing behind it. That is what Frontier Power USA appears designed to become. The JV effectively creates a vertically integrated deployment and financing platform around energy storage projects. Cerberus brings institutional capital, infrastructure expertise and project structuring capabilities. Ariel Green brings long-duration performance insurance and underwriting capacity. Eos supplies the initial underlying technology stack and manufacturing platform. Together, that creates something much more important than simply “a battery company.” It creates a framework where a datacenter operator or utility can potentially make one phone call and receive: the batteries, financing, insurance, guarantees, project management, operational support, and assistance monetizing various energy market revenue streams. That dramatically lowers procurement friction. The most important piece here may actually be the insurance and financing framework itself as both @AdamLevey7 and @JigarShahDC can probably attest to. Battery projects are difficult to finance because lenders fear technology underperformance and uncertain long-duration cash flows. Most lenders are not battery experts. They care about whether the project performs as promised and whether revenue streams are reliable enough to support institutional debt financing. By wrapping projects with standardized underwriting structures, long-duration insurance coverage and institutional financing frameworks, Frontier potentially lowers one of the biggest barriers preventing large-scale LDES deployment. Infrastructure markets run on trust and underwriting confidence far more than chemistry debates. And this is where I think many investors are still missing the bigger picture. $EOSE does not necessarily need to “win the battery wars” in a winner-take-all outcome to become extremely successful. The LDES market itself may become enormous because the underlying demand drivers are structural: - AI power demand, - renewable intermittency, - transmission constraints, - resiliency requirements, - electrification, - and grid modernization. It is naive to think $EOSE or any other company will be "the one". Multiple technologies will likely coexist. What matters is whether $EOSE secures a durable position inside the financing and deployment ecosystem as the industry scales. The Cerberus JV potentially helps accomplish exactly that. Before this deal, $EOSE was mostly viewed as: “a speculative battery manufacturer.” After this deal, $EOSE starts looking more like “a foundational participant inside an emerging infrastructure financing platform.” That distinction matters enormously. Battery hardware alone eventually commoditizes. Margins compress over time. But financing ecosystems, underwriting frameworks, institutional relationships, recurring project cash flows and deployment platforms create real moats.And ironically, one of the most interesting aspects of this structure is that Frontier itself may eventually become bigger than just $EOSE technology. As a reference, look at GE Finance, Siemens Finance, or any of the Automotive Fincos. These are enormous businesses by themselves. Today, the platform is clearly centered around $EOSE. Frontier secured a 2 GWh reservation agreement tied to $EOSE manufacturing. Cerberus committed $100M of equity capital into Frontier. $EOSE plans to contribute approximately $150M via the rights offering. The Ariel Green insurance structure is specifically designed around $EOSE technology today. But over time, if Frontier successfully institutionalizes the financing side of storage deployment, the platform itself could theoretically finance and deploy multiple technologies across the broader industry. That possibility actually reinforces the thesis. Because it suggests the real moat may not ultimately be: “our battery chemistry is slightly better.” The real moat may be: “we can actually get projects financed, insured, approved and deployed at scale.” Disclaimer: Long $EOSE