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Romeo Power Technology to list on NYSE through merger with RMG Acquisition Corp.

October 06, 2020

Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that the firm served as legal advisor to Romeo Systems, Inc. (Romeo Power), in its agreement to merge with RMG Acquisition Corp., a special purpose acquisition company (SPAC).

The merger will result in Romeo Power becoming a publicly listed company. The combined company will be named Romeo Power Inc. and is expected to remain listed on the NYSE and trade under the new ticker symbol “RMO.” RMG Acquisition Corp. trades under the symbol RMG. The merger values Romeo Power at $1.33 billion.

Romeo Power is an industry leading energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. 

The Paul Hastings team included David Hernand (Mergers and Acquisitions), Jonathan Ko (Securities and Capital Markets), Ron Ben-Yehuda (Corporate/IP), Stephen Harris (Tax), Aaron Charfoos (Litigation), and associates Ryan Samii, Felicia Yen, Jennia Iordanou, and M’Alyssa Mecenas.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.