Romeo Power Technology to list on NYSE through merger with RMG Acquisition Corp SPAC
Law firm Paul Hastings has served as legal advisor to Romeo Systems, Inc. (Romeo Power), in its agreement to merge with RMG Acquisition Corp, a special purpose acquisition company (SPAC).
The merger will result in Romeo Power becoming a publicly listed company. The combined company will be named Romeo Power Inc. and is expected to remain listed on the NYSE and trade under the new ticker symbol “RMO.” RMG Acquisition Corp. trades under the symbol RMG. The merger values Romeo Power at USD1.33 billion.
Romeo Power is an industry leading energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles.