Nikola Corporation (NKLA)

[srm4u]

Romeo Power's Brand New State-of-the-Art Manufacturing Center in Orange County, CA will Soon Be a Nikola Factory (Article on Factory From 7/25/2022)

Did you see this. But it looks like this firm chases all mergers.

Under the terms of the agreement, Romeo Power will be acquired by Nikola Corporation (Nasdaq - NKLA) in an all-stock transaction. Under the terms of the merger agreement, the proposed exchange ratio implies a consideration of $0.74 per Romeo share and values 100% of Romeo's equity at approximately $144 million. The investigation concerns whether the Romeo Power Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether the Nikola Corporation is paying too little for the Company. For example, the deal consideration is below the 52-week high of $7.44 for the Company's shares.

Additional information can be found at https://www.brodskysmith.com/cases/romeo-power-inc-nyse-rmo/.
https://www.reddit.com/r/NikolaCorporation/comments/wdscw2/romeo_powers_brand_new_stateoftheart/
https://investors.romeopower.com/news/news-details/2022/Romeo-Power-Announces-Successful-Completion-of-its-Relocation-to-New-State-of-the-Art-Manufacturing-Center-in-Orange-County-CA/default.aspx