ReNew Power SPAC: RMG Acquisition Corp shareholders' vote in August

Firm to list on NASDAQ at $8 billion valuation

RMG Acquisition Corp II (RMG-II), the US-based blank cheque firm that will aid the listing of ReNew Power on the NASDAQ, will on August 16 vote on a February deal for a merger of the two companies. This will bring one of India’s leading renewable companies one step closer to an overseas listing. 

RMG, in a public notice on August 2, said, “The extraordinary general meeting of RMG-II shareholders to approve the pending business combination... is scheduled to be held on August 16, 2021 at 9:00 am Eastern Time.” The notice follows a July 28 announcement by RMG, which sta­ted