Electric-Vehicle Batteries Are Hot. Here’s the Latest Stock to Play the Trend.

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Electric-Vehicle Batteries Are Hot. Here’s the Latest Stock to Play the Trend.
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Romeo is a player focusing on commercial vehicles similar to Workhorse, Nikola and Hyliion.

On Monday, a special purpose acquisition company, or SPAC, RMG Acquisition announced plans to merge with Romeo Power Systems. The deal values Romeo at about $1.3 billion based on the 133.4 million shares that will be outstanding when it closes in the fourth quarter.

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