Romeo Power announced that it has completed its business combination with RMG Acquisition, following shareholder approvals earlier this week.
Romeo Power shares begin trading today on the NYSE under RMO and warrants under RMO.WT.
The merger valued Romeo Power at a $900 million pre-money enterprise value and resulted in Romeo Power raising approximately $394 million prior to expenses in additional equity funding. Approximately 99.8% of RMG shareholders voting their shares voted in favor of the business combination and no RMG shareholders redeemed their shares. Read more.
