Business Context and Reporting Period
This Form 8-K is filed by B. Riley Principal Merger Corp. II (the "Company") on November 5, 2020. The filing announces the Company's intention to voluntarily transfer the listing of its common stock and warrants from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market LLC following the completion of its business combination with Eos Energy Storage LLC. Upon closing, the Company will change its name to Eos Energy Enterprises, Inc.
Key Financial Metrics
This filing is a current report regarding a corporate event and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The filing text does not provide a clear value for any financial performance indicators.
Material Changes
- Listing Transfer: The Company notified the NYSE of its intent to delist and transfer to Nasdaq.
- Corporate Name Change: The registrant will change its name from B. Riley Principal Merger Corp. II to Eos Energy Enterprises, Inc.
- Trading Symbols: Post-combination, common stock is expected to trade under the symbol "EOSE" and warrants under "EOSEW" on Nasdaq.
Outlook, Risks, and Management Commentary
Management indicates that trading on Nasdaq is expected to commence the day after the closing of the Business Combination. The filing includes standard forward-looking statements regarding the transaction, noting that actual results may differ due to various risks.
Key Risks Identified:
- Inability to complete the Business Combination with Eos Energy Storage LLC.
- Failure to obtain stockholder approval for the Business Combination.
- Uncertainty regarding funds available in the trust account following potential stockholder redemptions.
- Risk of failing to meet Nasdaq listing standards post-consummation.
- Costs associated with the proposed Business Combination.
Investors are directed to the definitive Business Combination Proxy Statement for a full description of terms and risk factors.
Investor Verification Checklist
- Verify the final closing date of the Business Combination with Eos Energy Storage LLC.
- Confirm the exact date trading commences on Nasdaq under symbols "EOSE" and "EOSEW."
- Review the definitive Business Combination Proxy Statement for details on trust account balances and redemption rates.
- Monitor for any updates regarding the approval status of the stockholder vote.