Romeo Power (RMO)

[WeTheMarket]

Multivalue, 0.1186 is the exchange rate of RMO shares per NKLA shares mentioned in the Press Release announcing the deal (https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/stock-news/88722024/nikola-agrees-to-acquire-romeo-power-to-bring-ba).

For example, the current NKLA share price is $8.05, making the RMO shares worth $8.05 x 0.1186 = $0.95, if the deal closed today. The current RMO share price is lower as you said, at $0.89 because investors are still not 100% sure that the deal will go through, thus, they are currently not willing to pay $0.95 for RMO shares to get NKLA shares.

As we approach the end of October, I would expect investors to be more confident that the deal closes, and the gap in price between NKLA x 0.1186 and RMO share price will narrow, and I would also expect the NKLA share price to be higher than today's $8.05.