ESS Tech Inc., a leading manufacturer of iron flow long-duration energy storage systems, has closed a $40 million financing transaction with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, L.P. The deal provides ESS with $30 million in immediate capital, with an additional $10 million available upon execution of an at-the-market sales agreement with Yorkville Securities, LLC, subject to customary conditions. The financing is structured as a one-year promissory note, repayable in cash or from proceeds raised through equity issuances. This capital infusion aims to strengthen ESS's cash position and support the company's shift toward its U.S.-manufactured Energy Base platform.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001819438-25-000065), on October 14, 2025, and is solely responsible for the information contained therein.