Nikola Corp.provider of zero-emission transportation and energy infrastructure solutions, announced the completion of its acquisition of Romeo Power Inc.

“We are pleased to complete the acquisition of Romeo and look forward to realizing the opportunities that lie ahead,” said Michael Loescheler, president of Nikola. “The acquisition of Romeo will expand Nikola’s capabilities, allowing us to vertically integrate in an effort to accelerate product development and improve performance for our customers. Today’s milestone further strengthens our commitment to transforming the transportation industry.”

Nikola completed its acquisition of Romeo through a second-stage merger of a subsidiary of Nikola with and into Romeo pursuant to Section 251(h) of the Delaware General Corporation Law. Each remaining share of Romeo common stock not purchased in the exchange offer (other than shares held by Nikola, Romeo or any of their respective subsidiaries) was converted into the right to receive the same 0.1186 share of Nikola common stock, rounded to the nearest whole number shares net of any applicable withholding taxes paid in the exchange offer. After the deal was completed, Romeo became a subsidiary of Nikola.

As a result of the acquisition, Romeo’s common stock ceased trading after the market closed on October 14 and will no longer be listed on the New York Stock Exchange.