RSG - Romeo Power Technology to list on NYSE through merger with RMG Acquisition

Romeo Power has entered into a definitive merger agreement with RMG Acquisition (RMG). Romeo Power Technology is provider of battery technology to the commercial EV market.Post closing, the combined company will remain listed on the NYSE under the new ticker symbol "RMO".Romeo Power raises $384M through the business combination, including a $150M fully committed PIPE anchored by institutional investors as well as strategic investors.Funding provides for capacity expansion and R&D to develop the next generation of battery system technologies for commercial vehicles.Republic Services (RSG) is a strategic investor in the PIPE and likley to enter into a strategic alliance with Romeo Power.Pro forma equity value of the combined company is ~$1.33B.Transaction is expected to close in the Q420.

For further details see:

Romeo Power Technology to list on NYSE through merger with RMG Acquisition