Public

US Securities Class Action

Romeo Power (RMO) agreed to settle $14.9M with shareholders and $RMO warrant holders to end claims over hiding cell battery supply sufficiency.

Romeo Power Inc

All persons who purchased or otherwise acquired publicly traded: (i) RMG Acquisition Corp. Class A common stock or Romeo Power, Inc. common stock; (ii) RMG warrants or Romeo warrants; and/or (iii) RMG units, between October 5, 2020 and August 16, 2021, inclusive, and were injured thereby.

Do I have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate.

You can participate in the settlement and retain (or sell) your securities.

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims - the average payout will be $0.17 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.68 per share.

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

11thestate is an investor recovery company, we help investors to track and collect securities class action settlements. We will:

Audit the claim and make sure you get the maximum possible payout

File a claim with the settlement administration

Correspond with the settlement administration to resolve emerging issues

Deliver payout directly to your brokerage account

There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.

Romeo Power (RMO) $14.9M Shareholder Settlement

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