BRIEF-Ess Inc To Become A Publicly Listed Company Through Merger With Acon S2 Acquisition Corp

Reuters

May 07, 2021

May 7 (Reuters) -

* ESS INC TO BECOME A PUBLICLY LISTED COMPANY THROUGH MERGER WITH ACON S2 ACQUISITION CORP

* ESS INC - COMBINED CO EXPECTS TO BE LISTED ON NEW YORK STOCK EXCHANGE UNDER TICKER SYMBOL “GWH.”

* ESS INC - BUSINESS COMBINATION VALUES COMBINED CO AT A $1.072 BILLION PRO FORMA ENTERPRISE VALUE

* ESS INC - BUSINESS COMBINATION IS EXPECTED TO PROVIDE ABOUT $465 MILLION IN NET PROCEEDS TO COMBINED CO

* ESS INC - $250 MILLION FULLY COMMITTED PIPE, ANCHORED BY INVESTORS INCLUDING FIDELITY MANAGEMENT & RESEARCH COMPANY LLC AND KOCH INDUSTRIES

* ESS INC - EXISTING INVESTORS SOFTBANK ENERGY, BREAKTHROUGH ENERGY VENTURES AND BASF INCREASED EQUITY HOLDINGS IN ESS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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RESEARCH COMPANY LLC AND KOCH INDUSTRIES</p><p>   * ESS INC - EXISTING INVESTORS SOFTBANK ENERGY, BREAKTHROUGH ENERGY VENTURES AND BASF INCREASED EQUITY HOLDINGS IN ESS</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LABP","symbol_name":"Landos Biopharma, Inc.","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2133501447","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2133501447","pubTimestamp":1620383402,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"May 7 (Reuters) -    * ESS INC TO BECOME A PUBLICLY LISTED COMPANY THROUGH MERGER WITH ACON S2 ACQUI","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LABP":"Landos Biopharma, Inc.","SANA":"Sana Biotechnology, Inc.","LHDX":"Lucira Health, Inc.","CGEM":"Cullinan Therapeutics"},"translate_title":"简介-ESS公司通过与Acon S2 Acquisition Corp合并成为上市公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LHDX":1,"APR":1,"STWO":0.9,"LABP":1,"CGEM":1,"SANA":1},"content_text":"May 7 (Reuters) -    * ESS INC TO BECOME A PUBLICLY LISTED COMPANY THROUGH MERGER WITH ACON S2 ACQUISITION CORP   * ESS INC - COMBINED CO EXPECTS TO BE LISTED ON NEW YORK STOCK EXCHANGE UNDER TICKER SYMBOL “GWH.”   * ESS INC - BUSINESS COMBINATION VALUES COMBINED CO AT A $1.072 BILLION PRO FORMA ENTERPRISE VALUE   * ESS INC - BUSINESS COMBINATION IS EXPECTED TO PROVIDE ABOUT $465 MILLION IN NET PROCEEDS TO COMBINED CO   * ESS INC - $250 MILLION FULLY COMMITTED PIPE, ANCHORED BY INVESTORS INCLUDING FIDELITY MANAGEMENT & RESEARCH COMPANY LLC AND KOCH INDUSTRIES   * ESS INC - EXISTING INVESTORS SOFTBANK ENERGY, BREAKTHROUGH ENERGY VENTURES AND BASF INCREASED EQUITY HOLDINGS IN ESSSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}