Business Context and Reporting Period
This Form 8-K is a Current Report filed by B. Riley Principal Merger Corp. II (not Eos Energy Enterprises, Inc.) on May 29, 2020. The registrant is a Delaware corporation and an emerging growth company. The filing announces a corporate action regarding the separation of its securities for trading purposes.
Key Financial Metrics
This filing is an event report (Item 8.01) and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
The material change reported is the commencement of separate trading for the Company's securities. Commencing on or about June 3, 2020, holders of Units may elect to separate them into:
- Shares of Class A Common Stock (trading symbol: BMRG).
- Warrants (trading symbol: BMRG WS).
Units not separated will continue to trade under the symbol BMRG.U. Each Unit consists of one share of Class A Common Stock and one-half of one redeemable Warrant. No fractional Warrants will be issued; only whole Warrants will trade.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of risks and contingencies. It strictly details the procedural steps for the separation of Units, noting that holders must contact their brokers to coordinate with the transfer agent, Continental Stock Transfer & Trust Company.
Investor Verification Checklist
- Verify the correct registrant name is B. Riley Principal Merger Corp. II, as the input metadata incorrectly referenced Eos Energy Enterprises, Inc.
- Confirm the effective date for separate trading is on or about June 3, 2020.
- Check broker instructions regarding the separation of Units into Class A Common Stock and Warrants.
- Note that only whole Warrants will be issued upon separation; fractional warrants are not permitted.