SEC FILING 424B2 > DILUTION > "Pursuant to this prospectus supplement, the accompanying prospectus supplement and the accompanying base prospectus, we are offering 2,252,083 shares of our common stock to YA II PN, Ltd., a Cayman Islands exempt limited partnership (“Yorkville”) at a price of approximately $1.33 per share, pursuant to our previously announced Standby Equity Purchase Agreement with Yorkville dated February 15, 2022 (as amended on February 28, 2022, the “SEPA”). The total purchase price and proceeds we will receive from the sale of the shares is $3,000,000. These shares are being issued as part of the commitment by Yorkville to purchase from time to time, at our option, up to $350,000,000 worth of shares of our common stock pursuant to the SEPA as described in Prospectus Supplement No. 1. We expect to issue the shares to Yorkville on or about March 29, 2022."
In addition to our issuance of common shares to Yorkville pursuant to the SEPA, this prospectus supplement, the accompanying prospectus supplement and the accompanying prospectus also cover the resale of those shares by Yorkville to the public. Though we have been advised by Yorkville, and Yorkville represents in the SEPA, that Yorkville is purchasing the shares for its own account, for investment purposes in which it takes investment risk (including, without limitation, the risk of loss), and without any view or intention to distribute such shares in violation of the Securities Act of 1933, as amended (the “Securities Act”) or any other applicable securities laws, the Securities and Exchange Commission (the “SEC”) may take the position that Yorkville may be deemed an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act and any profits on the sales of shares of our common stock by Yorkville and any discounts, commissions or concessions received by Yorkville are deemed to be underwriting discounts and commissions under the Securities Act.
Our common stock is listed on the New York Stock Exchange, Inc. (“NYSE”) under the symbol “RMO”. On March 28, 2022, the closing price of our common stock, as reported on the NYSE, was $1.36 per share.
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