RMG - Romeo Power - DD (December 2020)
O/S: 23M
Trust: USD 230M
Target details:
Implied market cap @ 10/share: USD 1.3B
Investor Presentation: romeopower.com/RomeoPowerInves...
O/S after acquisition: 135M
Website: romeopower.com
News: romeopower.com/investors
The Hotness: USA-based, 115k sq ft facility (7GWh capable), EV battery tech, corporate investors (Republic Services, BorgWarner, etc), already announcing contracts, revenue producing.
Trust: USD 230M
Target details:
Implied market cap @ 10/share: USD 1.3B
Investor Presentation: romeopower.com/RomeoPowerInves...
O/S after acquisition: 135M
Website: romeopower.com
News: romeopower.com/investors
The Hotness: USA-based, 115k sq ft facility (7GWh capable), EV battery tech, corporate investors (Republic Services, BorgWarner, etc), already announcing contracts, revenue producing.
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Maverick - 3 years ago
Good news for $NGA and $RMG
wsj.com/articles/nikola-ends-c...
"Republic Services confirmed via email that its deal with Nikola has been "terminated," noting that it is continuing its electric vehicle partnerships with truckmakers Mack, Peterbilt, and California battery startup Romeo Systems, in addition to making more vehicle purchases next year.
"We continue to believe that electrification is the future, the waste management company said. "We believe the opportunity to learn from and partner with Romeo will continue to provide additional opportunities that support our electrification strategy."
RMG mentioned by name, obviously.... NGA more of a stretch, but....
NGA (Lion Electric) makes-ish an EV garbage truck; thelionelectric.com/en/product...
wsj.com/articles/nikola-ends-c...
"Republic Services confirmed via email that its deal with Nikola has been "terminated," noting that it is continuing its electric vehicle partnerships with truckmakers Mack, Peterbilt, and California battery startup Romeo Systems, in addition to making more vehicle purchases next year.
"We continue to believe that electrification is the future, the waste management company said. "We believe the opportunity to learn from and partner with Romeo will continue to provide additional opportunities that support our electrification strategy."
RMG mentioned by name, obviously.... NGA more of a stretch, but....
NGA (Lion Electric) makes-ish an EV garbage truck; thelionelectric.com/en/product...
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Romeo Power - RMO
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