BMRG Stock Price, News & Analysis

B. Riley Principal Merger Corp. II (BMRG) was a Special Purpose Acquisition Company (SPAC) sponsored by B. Riley Financial, Inc. The blank check company was formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The SPAC completed its initial public offering in May 2020, raising approximately $175 million in proceeds through its listing on the New York Stock Exchange.

Business Combination with Eos Energy

B. Riley Principal Merger Corp. II successfully completed its business combination with Eos Energy Storage LLC, a developer of grid-scale battery storage systems. Following the merger's completion in November 2020, the combined entity was renamed Eos Energy Enterprises, Inc. and began trading on the Nasdaq Capital Market under the new ticker symbol EOSE. The warrants associated with the SPAC transitioned to trade under the symbol EOSEW.

SPAC Structure and Sponsor

As a blank check company, B. Riley Principal Merger Corp. II operated with a defined timeline to identify and complete a business combination. The SPAC was sponsored by B. Riley Financial, a diversified financial services company headquartered in Los Angeles, California. B. Riley Financial has sponsored multiple SPACs as part of its investment banking and capital markets activities, providing expertise in identifying acquisition targets across various industries.

Historical Significance

The BMRG ticker no longer trades as a standalone security following the completion of the de-SPAC transaction. Investors who held shares in B. Riley Principal Merger Corp. II received shares in the successor company, Eos Energy Enterprises. This page serves as a historical reference for the SPAC's corporate history and the transaction that transformed it into an operating company focused on battery energy storage technology.

What Investors Should Know

For information about the current operating company that resulted from this SPAC merger, investors should research Eos Energy Enterprises, Inc. (EOSE) on the Nasdaq. The BMRG ticker is no longer active, and all trading activity, SEC filings, and corporate developments are now reported under the EOSE ticker symbol. Historical SEC filings made under the BMRG ticker document the SPAC's formation, IPO, and business combination process.