Romeo Power Leases Manufacturing Facility In California

Romeo Power Inc (NYSE:RMO) has leased a new Class A, state-of-the-art headquarters and manufacturing facility in Cypress, California.
The facility will support Romeo Power's expansion of battery development and testing capabilities adjacent to its production line.
The 215,000 square foot facility includes 191,000 square feet of industrial space designed to double critical laboratory and testing capacity.
Price Action: RMO shares closed lower by 5.74% at $4.60 on Monday.