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RILYM - B. Riley Financial Inc News Story

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BRIEF-B. Riley Principal Merger Corp. II And Eos Energy Storage Announce Letter Of Intent For Business Combination

Wed 24th June, 2020 8:55pm
June 24 (Reuters) - B Riley Principal Merger II Corp
 BMRG.N :
    * B. RILEY PRINCIPAL MERGER CORP. II AND EOS ENERGY STORAGE
ANNOUNCE LETTER OF INTENT FOR BUSINESS COMBINATION
    * B. RILEY PRINCIPAL MERGER CORP. II- PROPOSED TRANSACTION
TO
RESULT IN EOS BECOMING  PUBLICLY LISTED CO
    * B. RILEY PRINCIPAL MERGER CORP. II- TRANSACTION WITH BRPM
II
WOULD PROVIDE EOS WITH ABOUT $225 MILLION OF ADDITIONAL NEW
EQUITY FINANCING
    * B. RILEY PRINCIPAL MERGER CORP. II- DEAL CONTEMPLATES
PRE-MONEY
VALUATION FOR EOS OF ABOUT $290 MILLION

Source text for Eikon:  ID:nPn5jWtHja 
Further company coverage:  BMRG.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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