Battery maker Romeo to go public through $1.33bn deal
The EV battery maker will use the proceeds for capacity expansion and research & development
05 October 2020 - 18:56
Bengaluru — Romeo Systems, a battery maker for electric vehicles, will go public through a merger with blank cheque company RMG Acquisition in a $1.33bn (R22bn) deal, the companies said on Monday.
The deal is expected to raise $384m for Romeo, which includes an investment of $150m from waste hauler Republic Services and The Heritage Group, a privately owned company with interests in energy, refining, chemicals and construction...
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