ReNew Power seals merger with RMG II, shares trade on Nasdaq from Tuesday

Overseas companies use merger route to list on Nasdaq as it grants them access to American capital which would otherwise be limited to firms incorporated in the US

ReNew Power has completed its merger with RMG Acquisition Corporation II (RMG II). The move was needed to allow the listing and trade of Renew Power’s shares on 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 United States.

A statement from ReNew Power said that its ordinary shares will trade on the Nasdaq from Tuesday (August 24, 2021). ReNew’s Class A ordinary shares will trade under the symbol RNW and ReNew’s warrants will trade under the RNWWW symbol on