B. Riley Financial Inc

NASDAQ:RILY   3:59:29 PM EDT
71.06
-1.25 (-1.73%)
Debt Financing / Related, Officer Changes, Mergers / Acquisitions

EOS Energy Storage Enters Definitive Agreement To Combine With B. Riley Principal Merger Corp II

Published: 09/08/2020 12:20 GMT
B. Riley Financial Inc (RILY) - Eos Energy Storage Enters Into Definitive Agreement to Combine With B. Riley Principal Merger Corp Ii; Combined Company to List on Nasdaq Under Symbol “eose”.
Pro Forma Implied Enterprise Value of Combined Company is Approximately $550 Million.
Following Completion of Transaction, Eos Will Retain Its Experienced Management Team.
Joe Mastrangelo Will Continue to Serve As CEO and Sagar Kurada Will Continue to Serve As Cfo.
Daniel Shribman Will Join Eos Board of Directors Upon Closing of Transaction.
Upon Closing of Deal, Combined Co Will Be Renamed Eos Energy Enterprises, Inc.