Romeo Power Merger With RMG Acquisition Corp.
10/6/2020

Davis Polk is advising Morgan Stanley & Co. LLC as lead financial adviser and sole placement agent to RMG Acquisition Corp. (“RMG”), a special purpose acquisition company, in connection with its proposed business combination with Romeo Systems, Inc. (“Romeo Power”) and related private placement of common stock, which would result in Romeo Power becoming a publicly listed company. Upon closing of the transactions, 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.” The transactions are expected to be completed in the fourth quarter of 2020, subject to, among other things, the approval by Romeo Power’s stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation.

Romeo Power, founded in 2016 in California by Michael Patterson, is an industry leading energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. RMG is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. RMG is sponsored by Riverside Management Group and the management team of James Carpenter, Robert Mancini and Philip Kassin.

The Davis Polk corporate team includes partner Richard D. Truesdell Jr. and associate Stephen A. Byeff. All members of the Davis Polk team are based in the New York office.

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