Eos Energy stock falls after Fuzzy Panda issues short report
Director Harris William B. of enCore Energy Corp (NASDAQ:EU) sold 80,000 common shares of the company on October 7, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as InvestingPro data shows the stock has gained over 170% in the past six months, with technical indicators suggesting overbought conditions. The shares were sold at prices ranging from $3.41 to $3.42, for a total transaction value of $272,800.
Following the transaction, Harris William B. directly owns 280,001 shares of enCore Energy Corp.
In other recent news, enCore Energy Corp. has completed a $115 million convertible notes offering, which included a $15 million option exercised by initial purchasers. The notes carry a 5.50% interest rate and are due in 2030, with an initial conversion rate of 303.9976 common shares per $1,000 principal amount. This offering followed the company’s announcement of a $100 million upsized convertible notes offering, initially set at $75 million. enCore Energy also announced its intention to offer $75 million in convertible senior notes, granting initial purchasers a 13-day option to purchase an additional $11.25 million in notes.
In leadership changes, enCore Energy appointed Kevin Kremke as Chief Financial Officer, effective October 1, 2025. Kremke brings extensive experience in corporate finance and mergers and acquisitions. Additionally, Ashley Forbes has been named Vice President of Permitting and Regulatory Affairs. Forbes previously served as Deputy Director of the Texas Commission on Environmental Quality’s Radioactive Materials Division. These developments reflect enCore Energy’s ongoing strategic initiatives and leadership changes.
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