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Nikola Reminds Romeo Power Stockholders to Tender Shares in Exchange Offer Before October 12 Deadline

Retrieved on: 
Monday, October 3, 2022

The deadline for Romeo stockholders to tender their shares is midnight, Eastern Time, at the end of the day Wednesday, October 12, 2022, unless extended further.

Key Points: 
  • The deadline for Romeo stockholders to tender their shares is midnight, Eastern Time, at the end of the day Wednesday, October 12, 2022, unless extended further.
  • Romeo stockholders who hold shares of Romeo common stock through a broker, dealer, commercial bank, trust company or other nominee should instruct such broker or other nominee to tender their shares.
  • Romeo stockholders who were unable to previously tender their shares due to process deadlines from their broker may tender their shares during the extension period.
  • Romeo stockholders should act as soon as possible to ensure they can tender their shares before the deadline.

Nikola Announces Extension of Exchange Offer to Acquire Romeo Power Common Stock

Retrieved on: 
Tuesday, September 27, 2022

PHOENIX, Sept. 27, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA) ("Nikola"), a provider of zero-emissions transportation and energy infrastructure solutions, today announced that Nikola has extended its exchange offer (the "Offer") to purchase all outstanding shares of common stock of Romeo Power, Inc. (NYSE: RMO) ("Romeo") until midnight, Eastern Time, at the end of October 12, 2022.

Key Points: 
  • Under the terms of the merger agreement, Romeo stockholders will receive 0.1186 of a share of Nikola common stock for each Romeo share, representing an equity value of approximately 4.5% pro forma ownership of Nikola.
  • On August 29, 2022, Nikola commenced, through a wholly-owned subsidiary, an exchange offer to purchase all outstanding shares of common stock of Romeo.
  • Continental Stock Transfer & Trust, the exchange agent for the Offer, has advised Nikola that as of midnight, Eastern Time, on September 26, 2022, the last business day prior to the announcement of the extension of the Offer, approximately 70 million shares of Romeo common stock had been validly tendered and received, and not validly withdrawn, pursuant to the Offer, representing approximately 37.65% of outstanding shares of Romeo common stock.
  • If less than a majority of the outstanding shares of Romeo common stock are tendered, the Offer cannot be completed by Nikola.

Nikola Reminds Romeo Power Stockholders to Tender Shares in Exchange Offer Ahead of September 26 Deadline

Retrieved on: 
Friday, September 23, 2022

The deadline to tender shares is midnight, Eastern Time, at the end of the day on September 26, 2022, unless extended.

Key Points: 
  • The deadline to tender shares is midnight, Eastern Time, at the end of the day on September 26, 2022, unless extended.
  • If less than a majority of the outstanding shares of Romeo common stock are tendered, the Offer cannot be completed by Nikola.
  • Stockholders who own shares of Romeo common stock through a broker, dealer, commercial bank, trust company or other nominee, can tender their shares by instructing such broker or other nominee promptly to allow sufficient time to tender before the deadline on September 26, 2022.
  • In addition to the Exchange Offer Materials, Nikola and Romeo file annual, quarterly and current reports and other information with the SEC.

Nikola Reminds Romeo Power Stockholders to Tender Shares in Exchange Offer Before Deadline on September 26, 2022

Retrieved on: 
Tuesday, September 20, 2022

Nikola and Romeo jointly announced that the companies entered into a definitive agreement for this all-stock transaction on August 1, 2022.

Key Points: 
  • Nikola and Romeo jointly announced that the companies entered into a definitive agreement for this all-stock transaction on August 1, 2022.
  • Nikola is urging Romeo stockholders to tender their shares before the deadline of midnight, Eastern Time, at the end of September 26, 2022.
  • If less than a majority of the outstanding shares of Romeo's common stock are tendered, the Offer cannot be completed.
  • Alliance Advisors is acting as Information Agent for the Offer and Continental Stock Transfer & Trust Company is acting as Exchange Agent in the Offer.

Nikola Commences Exchange Offer to Acquire Romeo Power

Retrieved on: 
Tuesday, August 30, 2022

Upon the successful completion of the Offer, a newly formed subsidiary of Nikola will be merged into Romeo, and any remaining shares of Romeo common stock that were not tendered in the exchange offer will be canceled and converted into the right to receive the same consideration as provided for in the exchange offer.

Key Points: 
  • Upon the successful completion of the Offer, a newly formed subsidiary of Nikola will be merged into Romeo, and any remaining shares of Romeo common stock that were not tendered in the exchange offer will be canceled and converted into the right to receive the same consideration as provided for in the exchange offer.
  • Nikola has filed with the U.S. Securities and Exchange Commission (the "SEC") a tender offer statement on Schedule TO, which includes a summary of the terms of the Offer.
  • This document is not a substitute for the Registration Statement, the Tender Offer Statement, the Solicitation/Recommendation Statement or any other document that Nikola or Romeo may file with the SEC related to the transaction (collectively, the "Exchange Offer Materials").THE EXCHANGE OFFER MATERIALS CONTAIN IMPORTANT INFORMATION.
  • In addition to the Exchange Offer Materials, Nikola and Romeo file annual, quarterly and current reports and other information with the SEC.

Nikola Agrees to Acquire Romeo Power, To Bring Battery Pack Engineering and Production In-House

Retrieved on: 
Monday, August 1, 2022

Headquartered in Cypress, California, Romeo is an energy storage technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial vehicle applications.

Key Points: 
  • Headquartered in Cypress, California, Romeo is an energy storage technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial vehicle applications.
  • As Romeo's largest customer, Nikola expects the acquisition will allow for significant operational improvement and cost reduction in battery pack production.
  • The addition of Romeo's battery and battery management system (BMS) engineering capabilities are also expected to support accelerated product development and improved performance for Nikola customers.
  • Under the terms of the agreement, Nikola will commence an exchange offer to acquire all of the outstanding shares of Romeo common stock.

Iteris Awarded $4.5 Million Contract by Orange County Transportation Authority for Regional Smart Mobility, Safety and Sustainability Initiative

Retrieved on: 
Thursday, December 9, 2021

(NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $4.5 million contract from the Orange County Transportation Authority (OCTA) for a regional smart mobility, safety and sustainability program, representing continued demand for Iteris specialized consulting services, cloud-enabled managed services and software-as-a-service (SaaS) solutions in southern California, a key geographic market.

Key Points: 
  • (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $4.5 million contract from the Orange County Transportation Authority (OCTA) for a regional smart mobility, safety and sustainability program, representing continued demand for Iteris specialized consulting services, cloud-enabled managed services and software-as-a-service (SaaS) solutions in southern California, a key geographic market.
  • View the full release here: https://www.businesswire.com/news/home/20211209005070/en/
    Iteris Awarded $4.5 Million Contract by Orange County Transportation Authority for Regional Smart Mobility, Safety and Sustainability Initiative (Photo: Business Wire)
    OCTAs three-year regional traffic signal synchronization project with Iteris supports its goals to significantly reduce countywide travel time, fuel consumption and greenhouse gas emissions, while improving safety and mobility, and overall travel experience for all road users, including vehicles, buses, bicycles and pedestrians.
  • This offer bundles Iteris expertise and resources with the signal performance measures (SPM) and arterial performance measures (APM) features of Iteris ClearGuide SaaS-based mobility intelligence solution.
  • Iteris is the global leader in smart mobility infrastructure management the foundation for a new era of mobility.