In Rare Battery Startup Move to Public Markets, Eos Raises Millions From Listing on Nasdaq

By [email protected] 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.

Numerous clean energy startups have gone public this year via the SPAC maneuver, which streamlines the process compared to a typical IPO. But the predecessors largely came from the vehicle space, like hydrogen truck maker Nikola Motor,

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