Rmg Acquisition Corporation II
Feb 24 (Reuters) - Rmg Acquisition Corporation II ::RENEW POWER, INDIA’S LEADING RENEWABLE ENERGY COMPANY, TO PUBLICLY LIST THROUGH BUSINESS COMBINATION WITH RMG ACQUISITION CORPORATION II IN $8 BILLION TRANSACTION.RMG ACQUISITION CORPORATION II - PRO FORMA CONSOLIDATED & FULLY DILUTED ENTERPRISE VALUE OF APPROXIMATELY $8 BILLION.RMG ACQUISITION CORPORATION II - TOTAL ANTICIPATED PROCEEDS OF $1.2 BILLION FROM RENEW POWER DEAL.RMG ACQUISITION CORPORATION II - ANTICIPATED NET PRIMARY PROCEEDS OF APPROXIMATELY $610 MILLION FROM DEAL.RMG ACQUISITION CORPORATION II - $855 MILLION, UPSIZED, FULLY-COMMITTED PRIVATE PLACEMENT OF COMMON STOCK IN RENEW POWER.RMG ACQUISITION CORPORATION II - UPON CLOSING, COMBINED ENTITY IS EXPECTED TO BE LISTED ON NASDAQ UNDER NEW TICKER SYMBOL "RNW".RMG ACQUISITION CORPORATION II - RENEW CURRENTLY HAS AN AGGREGATE CAPACITY OF CLOSE TO 10 GW.RMG ACQUISITION CORPORATION - UPSIZED PIPE ANCHORED BY INSTITUTIONAL INVESTORS INCLUDING FUNDS MANAGED BY BLACKROCK, CHAMATH PALIHAPITIYA.RMG ACQUISITION CORPORATION II - RENEW'S LEADERSHIP WILL REMAIN INTACT, WITH SUMANT SINHA AS CHAIRMAN & CEO OF COMBINED CO.RMG ACQUISITION CORPORATION II - BOB MANCINI WILL BE APPOINTEE FROM RMG II TO COMBINED CO'S BOARD.
Reuters
Mar 02, 2021