Romeo Power

Romeo Power, Inc. is an energy technology company delivering large-scale electrification solutions for complex commercial applications. It operates through the Romeo Power North America and Joint Venture Support segments. The Romeo Power North America business segment designs and manufactures battery modules, battery packs, and battery management system technologies for Romeo's customers in North America. The Joint Venture Support business segment provides engineering services to the BorgWarner JV. The company was founded in 2016 by Mike Patterson and is headquartered in Cypress, CA.

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Nikola

Romeo Power (NYSE: RMO ) stock rose 23% in early trade Aug. 1 after struggling electric vehicle maker Nikola (NASDAQ: NKLA ) said it would buy it for $144 million in stock. The deal values Romeo at a 34% premium to its July 29 close.

Romeo Power (RMO) Stock Soars on Nikola Deal

Nikola (NKLA) is buying Romeo Power (RMO) in a $144 million deal. These are the details.

Why Nikola (NKLA) Is Buying Romeo Power (RMO) For About $144 Million

Nikola will acquire Romeo Power, a key supplier of battery packs for its trucks, in a $144 million all-stock transaction.

Nikola to acquire battery-pack supplier Romeo Power in $144 million deal

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NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Romeo Power, Inc. (NYSE: RMO) to Nikola Corporation for 0.1186 of a share of Nikola common stock for each Romeo share is fair to Romeo shareholders. Halper Sadeh encourages Romeo shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation

RMO Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Romeo Power, Inc. Is Fair to Shareholders

Electric truck maker Nikola Corp. NKLA, -2.51% has agreed to acquire Romeo Power Inc. RMO, +4.74% for 74 cents a share in stock or a total of $144 million, the companies said in a joint statement. Romeo, which is based in Cypress, California, makes storage technology for commercial vehicles that is focused on making lithium-ion battery modules and packs.

Nikola to acquire Romeo Power for 74 cents a share or about $144 million in all-stock deal

CEO Mark Russell says the move ensures stable battery pack supplies as Nikola ramps up electric semi-truck production.

Nikola Is Buying Struggling Battery Maker Romeo Power For $144 Million

Acquisition will secure control of critical battery pack engineering and production process Transaction expected to yield annual cost savings of up to $350 million by 2026 Romeo's Cypress, California facility will become Nikola's Battery Center of Excellence Nikola to host analyst and investor webcast on August 1 at 11:00 a.m. Eastern Time (8:00 a.m.

Nikola Agrees to Acquire Romeo Power, To Bring Battery Pack Engineering and Production In-House

Nikola Corp. is acquiring struggling startup Romeo Power Inc. in a $144 million all-stock deal that Nikola says will assure its supply of battery packs critical to assembling electric trucks.  The transaction exchange ratio implies Romeo's shares are worth 74 cents each, a 34% premium to its closing price Friday of 55 cents.

Nikola acquires struggling Romeo Power to secure battery supply

CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the completion of the third and final phase of its relocation from Vernon, California to its new 215,000 sq. ft. manufacturing center and headquarters in Cypress, California. The Company recently completed the transition of remaining testing labs and equipment from

Romeo Power Announces Successful Completion of its Relocation to New State-of-the-Art Manufacturing Center in Orange County, CA

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CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, has announced the availability of its MATLAB Simulink-based Electro-Thermal Black Box (ETBB) Model for OEM customers. Romeo Power's Chief Technology Officer AK Srouji, Ph.D., said the ETBB is a proprietary simulation tool that allows the Company's OEM customers to predict and simul

Romeo Power's Electro-Thermal Black Box (ETBB) Model Simulates the Electrical & Thermal Performance of Its Banyan Battery Module for OEMs

RMO stock is trending for a second straight day after Romeo recently disclosed that it's nearly finished transitioning to a new factory. The post RMO Stock Alert: Romeo Power Announces Huge Growth Plans appeared first on InvestorPlace.

RMO Stock Alert: Romeo Power Announces Huge Growth Plans

CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, is completing its relocation to a new state-of-the-art manufacturing center in Cypress, California to accommodate the Company's growth trajectory, leverage the diverse Orange County technology talent pool, and enhance the quality and cost-effectiveness of the Company's leading elec

Romeo Power Focuses on Growth & Expansion in Three Key Markets with Opening of New 215,000 Sq. Ft. Manufacturing Center

LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that the Company is delivering commercial batteries to a leading integrator of Industrial/Off-Highway equipment and vehicles. “We are thrilled to deliver our innovative battery packs to an established integrator of Industrial/Off-Highway products as it develops a new ad

Romeo Power Delivers Batteries to an Industry-Leading Integrator in the Industrial/Off-Highway Market

LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex applications, has announced its new Battery Integration Workshop for OEM customers. The Battery Integration Workshop is a hands-on program designed by Romeo's sales, engineering and product development experts that facilitates an OEM's understanding of the Company's battery technology and applications. This workshop r

Romeo Power's New Battery Integration Workshop Accelerates Customer Transition to Electrification

LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, is requesting that shareholders vote on the proposals contained within its Proxy filing prior to the Annual Meeting of Stockholders on June 30, 2022. Stockholders are able to cast their votes until 11:59 PM Eastern time on June 29, 2022. The Annual Meeting of Stockholders was originall

Romeo Power, Inc. Requests Investors to Vote on Proposals at Annual Meeting of Stockholders Before June 30, 2022

LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the completion of the second phase of its relocation to a new state-of-the-art headquarters and manufacturing facility located in Cypress, California. The Company has successfully moved all three of its production lines to its new Orange County facility and is now manuf

Romeo Power Announces Completion of Second Phase of Relocation to New Manufacturing Facility in Orange County, California

LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, is requesting that shareholders vote on the proposals contained within its Proxy filing prior to the Annual Meeting of Stockholders. The Annual Meeting of Stockholders was originally scheduled for June 14, 2022, but was adjourned until June 30, 2022 to allow stockholders additional tim

Romeo Power, Inc. Requests Investors to Vote on Proposals at Annual Meeting of Stockholders

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LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that it received a letter (the “Letter”) from the New York Stock Exchange (the “NYSE”) indicating that the Company is not in compliance with the NYSE continued listing standard as set forth in Section 802.01C of the NYSE Listed Company Manual. The Letter does not result

Romeo Power Announces Receipt of Continued Listing Standard Notice from NYSE

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LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that the Company is supplying batteries to a leader in powertrain performance products. “We are pleased to supply Romeo batteries to an established provider of aftermarket solutions, marking another encouraging step that supports our growth trajectory,” said Romeo Power

Romeo Power Supplies Batteries to Leader in Powertrain Performance Products

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