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Sep 30, 2020
Eos Energy Q3 2020 Earnings Report
Eos Energy Enterprises acquisition of Eos Energy Storage was consummated.
Key Takeaways
Eos Energy Enterprises completed its acquisition of Eos Energy Storage on November 16, 2020. The business combination was accounted for as a reverse recapitalization, with Eos as the accounting acquirer. Upon closing, the company had 49,813,547 shares of common stock outstanding.
Eos Energy Enterprises (formerly B. Riley Principal Merger Corp. II) acquired Eos Energy Storage on November 16, 2020.
The business combination was completed pursuant to the Merger Agreement dated September 7, 2020.
The transaction was accounted for as a reverse recapitalization, with no goodwill or other intangible assets recorded.
Upon closing, the company had 49,813,547 shares of common stock outstanding.