Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that it has entered into a $350 million common stock standby equity line purchase agreement with an affiliate of financing partner Yorkville Advisors. This equity purchase agreement comes after the Company announced last month that it had filed a Form S-3 to register new shares pursuant to Rule 415 under the Securities Act of 1933. The purchase agreement gives Romeo Power the right, but not the obligation, to sell up to $350 million of common equity to an affiliate of Yorkville Advisors at the time of Romeo Power’s choosing during the term of the agreement.
Romeo Power Takes Next Step in Support of Commercialization by Entering Into Flexible Equity Purchase Agreement With Yorkville Advisors
Feb 16, 2022
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