Romeo Power, Inc. Requests Investors to Vote on Proposals at Annual Meeting of Stockholders
June 20 2022 - 4:15PM
Business Wire
Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO),
an energy technology leader delivering advanced electrification
solutions for complex commercial vehicle applications, is
requesting that shareholders vote on the proposals contained within
its Proxy filing prior to the Annual Meeting of Stockholders.
The Annual Meeting of Stockholders was originally scheduled for
June 14, 2022, but was adjourned until June 30, 2022 to allow
stockholders additional time to vote. Romeo Power is encouraging
participation from all investors, big and small, in the voting
process. Each shareholder’s participation helps the Company avoid
costly additional adjournments and solicitations. Participation
also ensures that your voice is heard on critical matters.
“We remain steadfast in our commitment to driving continuous
growth for Romeo Power and its shareholders. This includes
initiatives such as the relocation to our new Cypress facility to
add more efficient manufacturing capacity and laboratory space, as
well as the increased opportunity for expansion into new markets
where our vehicle electrification capabilities are highly valued.
Each of these initiatives have the ability to both grow and create
value for Romeo Power and its shareholders. As we continue
progressing our Company alongside the electrification of the
broader market, we require your support on Proposal 6 to support
both our future initiatives and current operations,” stated Susan
Brennan, chief executive officer.
The items of which stockholders are being asked to vote on can
be found in Romeo’s Proxy filing, available online under the SEC
Filings section of the Company’s website at
https://investors.romeopower.com/financials/sec-filings/default.aspx
as well as in the Securities and Exchange Commission’s (SEC) EDGAR
website at www.SEC.gov under the ticker symbol RMO. A majority of
the votes received have been cast in favor of all proposals.
However, while the approval rate for Proposal 6 was approximately
84% at the original Annual Meeting of Shareholders, there was not a
sufficient quantity of individual votes cast necessary to approve
Proposal 6, despite the significantly high approval rate. Romeo
Power would like to emphasize the importance of Proposal 6 for the
Company to continue to access necessary capital to fund its ongoing
operations and pursue the key objectives to grow our business and
drive value for shareholders.
In order for your vote to be represented, the Company must
receive your voting instructions. For your convenience, please use
any of the following methods to submit your vote:
- By Internet - Follow the simple instructions on your proxy
card.
- By Touchtone - Call the toll-free number located on your proxy
card and follow the simple instructions.
- By Mail - Sign, Date, and Return the proxy card using the
enclosed postage-paid envelope.
If possible, please use either of the first two options to
ensure your vote is captured in time for the meeting. Even if it is
past the indicated deadline, the Company asks you to please submit
your vote.
If you have any questions, please call Okapi Partners, Romeo
Power’s proxy solicitor, toll-free at 1-877-274-8654.
Representatives are available Monday - Friday 9:00 am to 9:00 pm
(ET) and Saturday, 10:00 am to 5:00 pm (ET). The Romeo Power team
would like to thank shareholders for their time, participation, and
continued support.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California,
Romeo Power (NYSE: RMO) is an energy technology leader delivering
advanced electrification solutions for complex commercial vehicle
applications. The Company’s suite of advanced battery electric
products, combined with its innovative battery management system,
delivers the safety, performance, reliability and configurability
its customers need to succeed. To keep up with everything Romeo
Power, please follow the Company on social media @romeopowerinc or
visit www.romeopower.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward
looking statements” within the meaning of the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
“estimates,” “projected,” “expects,” “anticipates,” “forecasts,”
“plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,”
“future,” “propose” and variations of these words or similar
expressions (or the negative versions of such words or expressions)
are intended to identify forward-looking statements. These
forward-looking statements, including, without limitation, express
or implied statements concerning Romeo Power’s ability to develop
or sell new products, or to pursue customers in new product or
geographic markets, Romeo Power’s expectations regarding its future
financial performance, the demand for safe, effective, affordable
and sustainable EV products, Romeo Power’s ability to produce and
deliver such products on a commercial scale, and Romeo Power’s
expectations that its customers will adhere to contracted purchase
commitments on the currently expected timeframe are not guarantees
of future performance, conditions or results, and involve a number
of known and unknown risks, uncertainties, assumptions and other
important factors, many of which are outside Romeo Power’s
management’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: Romeo Power’s ability to execute on
its plans to develop and market new products and the timing of
these development programs; Romeo Power’s ability to increase the
scale and capacity of its manufacturing processes; Romeo Power’s
estimates of the size of the markets for its products; the rate and
degree of market acceptance of Romeo Power’s products; the success
of other competing technologies that may become available; Romeo
Power’s ability to identify and integrate acquisitions; Romeo
Power’s potential need for and ability to secure additional
capital; the performance of Romeo Power’s products and customers;
potential litigation involving Romeo Power; demand for battery
cells and supply shortages; the potential effects of COVID-19; and
general economic and market conditions impacting demand for Romeo
Power’s products. You should carefully consider the foregoing
factors and the other risks and uncertainties described in the
Company’s filings with the SEC. If any of these risks materialize
or our assumptions prove incorrect, actual results could differ
materially from those implied by our forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Romeo Power undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
Source: Romeo Power Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20220620005421/en/
For Investors: Joe Caminiti or Ashley Gruenberg Alpha IR
Group RMO@alpha-ir.com 312-445-2870
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