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RILYP - B. Riley Financial Inc News Story

$24.35 0.0  0.2%

Last Trade - 19/10/20

Sector
Financials
Size
Mid Cap
Market Cap £524.7m
Enterprise Value £1.79bn
Revenue £473.6m
Position in Universe 2685th / 6409

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

Tue 8th September, 2020 1:11pm
Sept 8 (Reuters) - B. Riley Financial Inc  RILY.O :
    * 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

Source text for Eikon:  ID:nBw7X3SJta 
Further company coverage:  RILY.O 

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