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Benzinga

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Chris Katje

Nikola Acquires Battery Company Romeo For $144M: What Investors Should Know

Nikola Romeo NKLA Nasdaq Nikola Corp RMO Romeo Power SPAC

Clean energy transportation company Nikola Corp. (NASDAQ:NKLA) announced the purchase of a battery company that could help bring its production in-house.

What Happened: Nikola is acquiring Romeo Power (NYSE:RMO), a battery company that announced it was going public via SPAC merger back in October 2020, for $144 million.

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