Roth Ch Acquisition V Co.
ROCLW
NASDAQ Global Market0.40
USD
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Roth Ch Acquisition V Co.
ROCLW
(NASDAQ Global Market)
Recent
price
0.40
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Roth CH Acquisition V Co. (NASDAQ:ROCL, ROCLU, ROCLW) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more target businesses, primarily in the business services, consumer, healthcare, technology, wellness and sustainability sectors; it offers no operational products or services prior to completing an initial business combination, instead raising capital through its initial public offering completed on December 3, 2021, with units separating into common stock and warrants trading under ROCL and ROCLW symbols, respectively. The company, founded on November 5, 2020, and headquartered at 888 San Clemente Drive, Suite 400, Newport Beach, California, is jointly managed by affiliates of Roth Capital Partners and Craig-Hallum Capital Group. In a major strategic development, Roth CH Acquisition V Co. entered into a definitive business combination agreement on January 3, 2024, with New Era Helium Corp., a helium exploration and production company with over 137,000 acres in Southeast New Mexico holding proved and probable reserves exceeding 1.5 billion cubic feet; the deal, valued at a $90 million pre-money enterprise value for New Era Helium, progressed through SEC declaration of the Form S-4 registration statement effective on November 6, 2024, stockholder approval at a special meeting on November 26, 2024, and ultimate completion of the merger in early December 2024, resulting in Nasdaq delisting of ROCL securities and New Era Helium emerging as the post-combination public entity focused on helium sourced from natural gas reserves in North America.