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Faraday Future has appointed Yun Han as Chief Accounting Officer and Interim Chief Financial Officer, effective October 25, 2022. Han replaces Becky Roof, who served in the interim role until October 12, 2022. The company expects to receive $10 million this week as part of a $60 million financing agreement, following the successful acquisition of $55 million in financing. The funds will support Faraday Future’s operations and its efforts to bring the FF 91 to market. CEO Dr. Carsten Breitfeld expressed confidence in Han’s experience and the company’s growth potential.
Nikola Corporation (Nasdaq: NKLA) announced the completion of its exchange offer for Romeo Power, Inc. (NYSE: RMO) shares, which expired on October 12, 2022. Approximately 93.16 million shares, or 50.1% of Romeo's outstanding shares, were tendered. The acquisition is part of an all-stock transaction initially agreed upon on August 1, 2022, with Romeo stockholders receiving 0.1186 of a Nikola share for each share tendered. Post-transaction, Romeo will become a wholly owned subsidiary of Nikola, and its shares will no longer be traded on NYSE.
Nikola Corporation (Nasdaq: NKLA) urges Romeo Power (NYSE: RMO) stockholders to tender their shares for an exchange offer set to expire at midnight ET on October 12, 2022. The offer will not proceed if less than a majority of Romeo's shares are tendered. Stockholders, particularly those holding shares through brokers, should act promptly to meet processing deadlines. Assistance is available through Alliance Advisors at (855) 643-7453 or via email at nkla@allianceadvisors.com.
Romeo Power, Inc. (NYSE: RMO) is urging its stockholders to tender their shares in the exchange offer made by Nikola Corporation (NASDAQ: NKLA) to acquire all outstanding shares of Romeo's common stock. The deadline for this tender is midnight, Eastern Time, on October 12, 2022. The Romeo Board strongly recommends participation, noting that failure to tender at least a majority of shares will prevent the completion of the offer. Stockholders are advised to contact their brokers promptly to ensure compliance with processing deadlines.
Nikola Corporation (Nasdaq: NKLA) has issued a reminder for Romeo Power, Inc. (NYSE: RMO) stockholders to tender their shares in an exchange offer by midnight Eastern Time on October 12, 2022. If a majority of Romeo's outstanding shares are not tendered, the offer will not be completed, and no shares will be exchanged. Stockholders should contact Alliance Advisors for assistance and ensure they meet their broker's processing deadlines. This announcement comes amid Nikola's strategy to integrate Romeo’s battery production into its operations, highlighting its focus on zero-emission transportation solutions.
Romeo Power, Inc. (NYSE: RMO) has issued a reminder to stockholders regarding the tendering of shares related to the exchange offer by Nikola Corporation (NASDAQ: NKLA). The deadline for tendering shares is midnight Eastern Time on October 12, 2022. As of September 26, 2022, only 70.03 million shares had been tendered, representing 37.65% of all outstanding shares, leaving approximately 22.97 million shares needed for the Offer to proceed. The Romeo Board recommends that stockholders participate to avoid risks associated with remaining independent.
Nikola Corporation has extended its exchange offer to acquire Romeo Power until midnight Eastern Time on October 12, 2022. The all-stock agreement, announced on August 1, 2022, allows Romeo shareholders to receive 0.1186 shares of Nikola stock per share of Romeo, equating to a 4.5% pro forma ownership in Nikola. As of the previous deadline, approximately 70 million shares (or 37.65%) of Romeo were tendered, with a minimum of 50.1% needed for completion. All other terms remain unchanged during this extension.
Nikola Corporation (Nasdaq: NKLA) has issued a reminder to Romeo Power, Inc. (NYSE: RMO) stockholders to tender their shares in an exchange offer by midnight Eastern Time on September 26, 2022. Completion of the offer requires a majority of outstanding shares to be tendered. The offer includes a premium of approximately 34% based on historical share prices from July 29, 2022. Stockholders can reach Alliance Advisors for assistance at (855) 643-7453 or via email. This announcement follows the definitive agreement disclosed on August 1, 2022, for an all-stock acquisition of Romeo by Nikola.
Romeo Power, Inc. (NYSE: RMO) reminds stockholders to tender their shares by midnight Eastern Time on September 26, 2022, as part of an exchange offer from Nikola Corporation (NASDAQ: NKLA). This agreement allows Nikola to purchase all outstanding shares of Romeo's common stock, contingent on a majority being tendered. The exchange ratio offers Romeo stockholders 0.1186 shares of Nikola for each share of Romeo, equating to a 34% premium based on prior closing prices. Failure to meet the majority tender requirement will prevent the completion of the offer.
Nikola Corporation (Nasdaq: NKLA) is reminding Romeo Power, Inc. (NYSE: RMO) stockholders to tender their shares in an exchange offer before the September 26, 2022, deadline. Nikola's Offer represents a 34% premium based on share prices from July 29, 2022. Under the merger agreement, Romeo stockholders will receive 0.1186 of a share of Nikola stock for each Romeo share, providing approximately 4.5% pro forma ownership of Nikola. Nikola emphasizes the potential value and future benefits of this merger, encouraging stockholders to act swiftly.
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