RMG Acquisition Corporation II Announces Expected Closing of Business Combination with ReNew Power

RMG Acquisition Corporation II announced that it expects to close its proposed business combination with ReNew Power Private Limited on Monday, August 23, 2021, assuming RMG II receives shareholder approval at the Extraordinary General Meeting of RMG II shareholders to be held on Monday, August 16, 2021.

August 13, 2021. By News Bureau

RMG Acquisition Corporation II announced that it expects to close its proposed business combination with ReNew Power Private Limited  on Monday, August 23, 2021, assuming RMG II receives shareholder approval at the Extraordinary General Meeting of RMG II shareholders to be held on Monday, August 16, 2021. Following closing, the combined company’s shares and warrants are expected to trade under the ticker symbols “RNW” and “RNWW”, respectively, starting on Tuesday, August 24, 2021.

The Extraordinary General Meeting to approve the proposed business combination, among other items, will be held on Monday, August 16, 2021.

RMG II’s shareholders of record at the close of business on July 20, 2021 are entitled to receive notice of the Extraordinary General Meeting and to vote their RMG II shares at the Extraordinary General Meeting. The meeting will be a virtual meeting of shareholders and will be conducted via live webcast. At the Extraordinary General Meeting, shareholders will be asked to approve and adopt the business combination and such other proposals as disclosed in the definitive proxy statement/prospectus included in the Registration Statement. If the business combination is approved by RMG II shareholders, RMG II anticipates the closing the business combination will occur on August 23, 2021, subject to the satisfaction or waiver (as applicable) of all other closing conditions.

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