November 19, 2020
In Rare Battery Startup Move to Public Markets, Eos Raises Millions From Listing on Nasdaq
Challenging lithium-ion’s battery market supremacy is not easy, but Eos will at least get a capital infusion to fund its growth. Eos Energy Storage, the aqueous zinc battery startup, listed on the Nasdaq stock exchange Tuesday after CEO Joe Mastrangelo virtually rang the opening bell. The 12-year-old company now goes by the name Eos Energy Enterprise, Inc. and trades under the symbol EOSE. Rather than conduct a traditional initial public offering, Eos partnered with a special-purpose acquisition company (SPAC) called B. Riley Principal Merger Corp. II.