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

Romeo Power Inc. (NYSE: RMO) stock rose 20% after announcing an all-stock purchase agreement with Nikola (NASDAQ: NKLA). The company announced it h more_horizontal

Shares of Nikola (NASDAQ: NKLA ) are in the spotlight after the company announced that it will acquire Romeo Power (NYSE: RMO ) for $144 million in an more_horizontal

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 more_horizontal

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

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 mil more_horizontal

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 more_horizontal

Romeo Power, Inc. (NYSE:RMO ) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Ashley Gruenberg - Senior Analyst, Alpha IR more_horizontal

Today, investors in Romeo Power and RMO stock are cheering the announcement of some initial deliveries for this battery technology company. The post W more_horizontal