Renew Power seals merger with RMG II

Renew Power has completed its merger with RMG Acquisition Corporation II (RMG II). This was needed to allow the listing of Renew Power’s shares on the Nasdaq.

Overseas companies use this route to list on the Nasdaq as it grants them access to

American capital which would otherwise be limited to companies incorporated in the US.

A statement from Renew Power said that its ordinary shares will trade on the Nasdaq from Tuesday (August 24). Class A ordinary shares will trade under the symbol RNW, while warrants will trade under the RNWWW symbol.