May 7 (Reuters) -
* ESS INC TO BECOME A PUBLICLY LISTED COMPANY THROUGH MERGER WITH ACON S2 ACQUISITION CORP
* ESS INC - COMBINED CO EXPECTS TO BE LISTED ON NEW YORK STOCK EXCHANGE UNDER TICKER SYMBOL “GWH.”
* ESS INC - BUSINESS COMBINATION VALUES COMBINED CO AT A $1.072 BILLION PRO FORMA ENTERPRISE VALUE
* ESS INC - BUSINESS COMBINATION IS EXPECTED TO PROVIDE ABOUT $465 MILLION IN NET PROCEEDS TO COMBINED CO
* ESS INC - $250 MILLION FULLY COMMITTED PIPE, ANCHORED BY INVESTORS INCLUDING FIDELITY MANAGEMENT & RESEARCH COMPANY LLC AND KOCH INDUSTRIES
* ESS INC - EXISTING INVESTORS SOFTBANK ENERGY, BREAKTHROUGH ENERGY VENTURES AND BASF INCREASED EQUITY HOLDINGS IN ESS
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