Contingently Redeemable Preferred Units

6 Months Ended

Jun. 30, 2021

Temporary Equity Disclosure [Abstract]

Contingently Redeemable Preferred Units

During the six months ended June 30, 2020, the Company had outstanding Series C, Series D, and 2019-2020 Bridge Preferred Units, which were issued at $1.10, $1.75, and $0.50 per unit, respectively. The activity attributable to the Preferred Units was as follows:

	Preferred Units
	Units	Amount
Balance, December 31, 2019	80,707	$	109,365
Contributions allocated to preferred units	1,666	259
Balance, March 31, 2020	82,373	$	109,624
Contributions allocated to preferred units	1,359	217
Balance, June 30, 2020	83,732	$	109,841

In connection with the Merger on November 16, 2020, the Preferred Units were converted to 255,523,120 EOS Energy Storage LLC (“EES”) common units. 14,727,844 shares of the Company's common stock were issued to the EES Preferred Units holders.