RMG Shareholders Approve Romeo Systems Merger; Shares Climb 5%
RMG Acquisition announced that 99.8% of its shareholders approved
its merger with Romeo Systems at an extraordinary meeting on Dec.
28. Shares gained 5.2% in pre-market trading on Tuesday. The deal,
which was announced by RMG (RMG) on Oct. 5, is expected to close by
December 29. The combined company will be renamed Romeo Power and
will trade on the NYSE under the ticker symbol “RMO”. Romeo Power
is an energy technology company focused on designing and
manufacturing lithium-ion battery modules and packs for commercial
electric vehicles. RMG had $394 million in its trust account prior
to the merger, including $160 million raised from private
placements. On Dec.