InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
56,950.37
(
-2.32%
)
Post# of 11366
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

WeTheMarket

Send PM Follow Ignore
Followers 31
Posts 8439
Boards Moderated 10
Alias Born 12/13/2014

WeTheMarket

Re: WeTheMarket post# 5525

Monday, 08/01/2022 9:24:09 AM

Monday, August 01, 2022 9:24:09 AM

Post# of 11366
Romeo Power was valued at $900 million at the time of the SPAC merger with RMG Acquisition on Dec 30, 2020 (Source https://investorplace.com/2020/12/romeo-power-spac-merger-13-things-to-know-about-rmo-stock-as-it-starts-trading-today/). At its peak in early 2021, the Romeo Power share price was over $22. On February of this year, Romeo Power acquired the portion of the JV with the international battery manufacturer BorgWarner they did not own for $28.6 million, using cash on hand (Source https://investors.romeopower.com/news/news-details/2022/Romeo-Power-Completes-Acquisition-of-Joint-Venture-Interest-From-BorgWarner/default.aspx). Today Nikola announced purchasing 100% of Romeo Power for $144 million (share price $0.74). Sounds like a very good deal to me, for Nikola that is.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
Recent NKLA News
More NKLA News
InvestorsHub NewsWire

Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM

Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM

EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM

BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM

NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM

Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM

Start posting your company's news
Only $200 per official company press release!