ESS Tech (GWH) shares rose 37% in recent Friday trading after the company said it received "sufficient" capital not expected in the ordinary course of business to continue operations at its Wilsonville, Oregon, facility in the near term.
The company added that it will still implement measures to manage its operating expenses.
ESS Tech previously said there was a potential need to take some workforce actions in case it was unable to raise capital to allow it to prevent or postpone a shutdown.
Price: 1.12, Change: +0.30, Percent Change: +36.59
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