NEW YORK, Nov. 5, 2020 /PRNewswire/ -- B. Riley
Principal Merger Corp. II (NYSE: BMRG) ("BMRG" or the "Company")
announced today that it intends to voluntarily transfer the listing
of its shares of common stock and warrants to The Nasdaq Capital
Market ("Nasdaq") from the New York Stock Exchange (the "NYSE")
following the completion of its previously announced business
combination (the "Business Combination") with Eos Energy Storage
LLC ("Eos"), which is expected to close on or around November 16, 2020. In connection with the closing
of the Business Combination, BMRG will change its name to Eos
Energy Enterprises, Inc. The Company expects its common stock and
warrants to commence trading on Nasdaq the day after the closing of
the Business Combination under the symbols "EOSE" and "EOSEW,"
respectively. BMRG's Class A common stock and warrants will
continue to trade on the NYSE until the transfer is complete.
The decision to list on Nasdaq was made in consideration of the
Business Combination and enables the post-combination company to be
listed alongside the other innovative technology companies that are
also listed on Nasdaq. At the closing of the Business Combination,
BMRG will also delist its units, shares of common stock and
warrants from the NYSE. The Nasdaq listing and NYSE
delisting are subject to the closing of the Business Combination
and fulfillment of all Nasdaq listing requirements.
About B. Riley Principal Merger Corp. II
BMRG was
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses.
About Eos Energy Storage LLC
Eos is on a mission to
accelerate clean energy by deploying stationary storage solutions
that can help deliver the reliable and cost-competitive power that
the market expects in a safe and environmentally sustainable way.
Eos has been pursuing this opportunity since 2008 when it was
founded. Eos has more than 10 years of experience in battery
storage testing, development, deployment, and operation. The Eos
Aurora® system integrates Eos' aqueous, Znyth® technology to
provide a safe, scalable, and sustainable alternative to
lithium-ion. https://eosenergystorage.com
Additional Information and Where to Find It
In
connection with the Business Combination, the Company filed a
definitive proxy statement (the "Business Combination Proxy
Statement"), with the U.S. Securities and Exchange Commission (the
"SEC") containing a full description of the terms of the Business
Combination. Investors and security holders of the Company are
advised to read the definitive Business Combination Proxy Statement
and any supplements and/or amendments thereto, filed in connection
the Business Combination, as these materials will contain important
information about the Business Combination. The definitive Business
Combination Proxy Statement, including any supplements and/or
amendments thereto, has been mailed to the Company's stockholders
of record as of October 22, 2020, the
record date established for the special meeting of stockholders
relating to the Business Combination. Stockholders can obtain
copies of the Business Combination Proxy Statement, without charge,
at the SEC's website at www.sec.gov or by directing a request to:
B. Riley Principal Merger Corp. II, 299 Park Avenue,
21st Floor, New York,
NY 10171.
Participants in the Solicitation
The Company and its
directors and executive officers may be considered participants in
the solicitation of proxies with respect to the Business
Combination described herein under the rules of the SEC.
Information about those directors and executive officers and a
description of their interests in the Company is contained in the
Business Combination Proxy Statement. These documents can be
obtained free of charge from the sources indicated above.
Forward Looking Statements
Certain statements made in
this press release are "forward looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words "estimates," "projected," "expects,"
"anticipates," "forecasts," "plans," "intends," "believes,"
"seeks," "may," "will," "should," "future," "propose" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company's control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: the inability of the Company to
complete the contemplated Business Combination with Eos; matters
discovered by Eos or the Company as they complete their respective
due diligence investigation of the other; the risk that the
approval of the stockholders of the Company for the Business
Combination is not obtained; the inability to recognize the
anticipated benefits of the proposed Business Combination, which
may be affected by, among other things, the amount of funds
available in the Company's trust account following any redemptions
by the Company stockholders; the ability to meet Nasdaq's listing
standards following the consummation of the transactions
contemplated by the proposed Business Combination; costs related to
the proposed Business Combination; and those factors discussed in
the Business Combination Proxy Statement under the heading "Risk
Factors," and other documents of the Company filed, or to be filed,
with the SEC. The Company does not undertake any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
Non-Solicitation
The disclosure herein is not a proxy
statement or solicitation of a proxy, consent or authorization with
respect to any securities or in respect of the proposed Business
Combination and shall not constitute an offer to sell or a
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of any such securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. No offer of
securities shall be made except by means of a definitive
document.
Contacts
|
For B. Riley
Principal Merger Corp. II
|
|
Investors
|
Media
|
Daniel
Shribman
|
Andrew
Jennings
|
dshribman@brileyfin.com
|
press@brileyfin.com
|
|
|
|
|
For Eos Energy
Storage LLC
|
Investors
|
Media
|
Ed Yuen
|
James
McCusker
|
ir@eosenergystorage.com
|
media@eosenergystorage.com
|
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SOURCE B. Riley Principal Merger Corp. II