We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Romeo Power, Inc. (“Romeo” or the “Company”) (NYSE:RMO), in connection with the proposed acquisition of the Company by Nikola Corporation (“Nikola”) (NASDAQ: NKLA) via tender offer. Under the terms of the merger agreement, the Company’s shareholders will receive 0.1186 shares of Nikola common stock for each Romeo share owned, representing implied per-share merger consideration of approximately $0.74 based upon Nikola’s July29, 2022 closing price of $6.22.
Weiss Law is investigating whether (i) Romeo’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Romeo’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.