RMG Stockholders Approve Romeo Merger With No Redemptions

Romeo Systems

RMG Acquisition announced that shareholders voted for the business combination with Romeo Systems. There were no redemptions, the SPAC said. The transaction is expected to close today.

Vernon, California-based Romeo makes modular battery packs primarily for electric-powered heavy trucks. 

The combined company has a pro forma equity value estimated at $1.33 bilion. Read more.

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