Romeo Power Announces Extension of Redemption Date to the Holders of Public Warrants
March 11 2021 - 6:59AM
Business Wire
Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO),
an energy technology leader delivering large-scale electrification
solutions for complex commercial applications, announced today that
it has extended the period during which its public warrants may be
exercised by the holders of such warrants to 5:00 p.m. New York
City time on April 5, 2021.
On February 16, 2021, the Company announced it would redeem all
of the outstanding public warrants to purchase shares of its common
stock, $0.0001 par value per share (“Common Stock”), that were
issued under the Warrant Agreement, dated February 7, 2019 (the
“Warrant Agreement”), by and between Romeo Power (formerly known as
RMG Acquisition Corp.) and American Stock Transfer & Trust
Company, LLC, as warrant agent, and that remain outstanding
following the redemption date, for a redemption price of $0.01 per
warrant. Warrants that were issued under the Warrant Agreement
in a private placement and are still held by the initial holders
thereof or their permitted transferees are not subject to the
redemption.
All such public warrants may be exercised by the holders thereof
until 5:00 p.m. New York City time on April 5, 2021 to purchase
fully paid and non-assessable shares of Common Stock underlying
such warrants, at the exercise price of $11.50 per share. Any such
public warrants that remain unexercised following 5:00 p.m. New
York City time on April 5, 2021 will be void and no longer
exercisable, and the holders of those public warrants will be
entitled to receive only the redemption price of $0.01 per
warrant.
None of Romeo Power, its board of directors or employees has
made or is making any representation or recommendation to any
holder of the public warrants as to whether to exercise or refrain
from exercising any public warrants.
The shares of Common Stock issuable upon exercise of the public
warrants have been registered by Romeo Power under the Securities
Act of 1933, as amended, and are covered by a registration
statement filed on Form S-1 with, and declared effective by, the
Securities and Exchange Commission (Registration
No.333-252190).
Questions concerning redemption and exercise of the public
warrants can be directed to American Stock Transfer & Trust
Company, LLC, 6201 15th Avenue, Brooklyn, NY 11219, Email:
reorgwarrants@astfinancial.com.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any offer of any
of Romeo Power’s securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California,
Romeo Power (NYSE: RMO) is an energy technology leader delivering
large-scale electrification solutions for complex commercial
applications. The Company’s suite of advanced hardware, combined
with its innovative battery management system, delivers the safety,
performance, reliability and configurability its customers need to
succeed. Romeo Power's 113,000 square-foot manufacturing facility
brings its flexible design and development process in-house to pack
the most energy dense modules on the market. To keep up with
everything Romeo Power, please follow the Company on social
@romeopowerinc or visit https://romeopower.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210311005487/en/
Romeo Power For Investors ICR, Inc.
RomeoPowerIR@icrinc.com For Media ICR, Inc.
RomeoPowerPR@icrinc.com
Romeo Power (NYSE:RMO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Romeo Power (NYSE:RMO)
Historical Stock Chart
From Apr 2023 to Apr 2024