Republic Services Increases Investment in Romeo Power as Parties Explore Strategic Alliance; Tim Stuart, Republic’s Chief Operating Officer, to Join Romeo Power Board

LOS ANGELES--(BUSINESS WIRE)--Romeo Systems, Inc. (“Romeo Power”), a leader in designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles, announced today that Republic Services, Inc. (“Republic Services”) (NYSE: RSG), a leader in recycling and solid waste solutions, has exercised its option to acquire additional shares of Class A common stock in RMG Acquisition Corp. (“RMG”) (NYSE: RMG), representing less than 5% of the currently outstanding shares of RMG. RMG, a special purpose acquisition company, previously announced a definitive agreement for a business combination that would result in Romeo Power becoming a publicly listed company. Republic Services is the second largest recycling and waste disposal company in the United States, with a fleet of more than 16,000 vehicles. Romeo Power and Republic Services continue to actively work on establishing a strategic alliance to support Republic’s comprehensive electrification and sustainability goals and strategy.