The Anonymous Widower

Proposed Merger Will Make Zinc Battery Developer Eos Energy A Public Company

The title of this post, is the same as that of this article on pv magazine.

This is the introductory paragraph.

EOS has executed a letter of intent for a merger with a SPAC — which would result in EOS becoming a publicly listed company. Investors seem fascinated by energy storage this year, the long-duration variety in particular.

The two companies are described like this.

EOS Energy Storage

EOS Energy Storage is a private zinc battery developer with the chance to go public via a merger with a special purpose acquisition company.

The company has a comprehensive web site.

Riley Principal Merger Corp II

B. Riley Principal Merger Corp II (BMRG), a special purpose acquisition company listed on the New York Stock Exchange, and Eos have executed a letter of intent for a merger which would result in Eos becoming a publicly listed company.

The article, then states that energy storage is the big thing with investors this year.

The article makes some interesting points and anybody thinking about investing in these technology stocks should read it.

Conclusion

With this activity around EOS, it could be they are a company to watch, but we’ve had share bubbles before.

June 27, 2020 - Posted by | Energy Storage, Finance |

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