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  "documentTitle": "Nikola | Mergers and Acquisitions Presentation Deck | 11 slides",
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      "text": "TIMING / APPROVALS: Boards approved; exchange offer to launch; expected close by end of October 2022 subject to tender and regulatory approval.",
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      "text": "TRANSACTION TERMS / CONSIDERATION: Nikola to acquire Romeo for $144mm in Equity Value, or $0.74 per share in stock; 34% premium; 0.1186 exchange ratio; 4.5% pro forma ownership.",
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      "text": "INTERIM LIQUIDITY SUPPORT DETAILS: $15mm in senior secured notes, up to $20mm for pack delivery incentive; additional support if delayed.",
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      "text": "1) If Romeo does not obtain the planned price relief due to production shortfalls, it will have the ability to incrementally increase the amount of the senior facility if desired, up to a maximum of $20mm.",
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