- CEO
- Byron Clarence Roth
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 888 San Clemente Drive Newport Beach CA United States of America 92660
- IPO Date
- Mar 22, 2021
- Business
- Roth CH Acquisition III Co. (NASDAQ:ROCR) is a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company has no current operating products or services, as it remains in the pre-combination phase targeting sectors including business services, consumer products, healthcare, technology, wellness, and sustainability. It operates principally in the United States and was founded in 2019 with headquarters in Newport Beach, California.
Jointly sponsored and managed by Roth Capital Partners and Craig-Hallum Capital Group, ROCR completed its initial public offering in March 2021, raising approximately $115 million in gross proceeds, with 100% of IPO cash held in trust. In June 2021, the company announced a definitive business combination agreement with BCP QualTek HoldCo, LLC (QualTek), a provider of infrastructure services for telecommunications construction including wireless infrastructure solutions, wireline fiber optic services, engineering, project management, renewable energy installation for wind and solar farms, and disaster recovery support; the deal valued the pro forma enterprise at $829 million and included a $66 million PIPE and $44 million in convertible notes, with closing initially targeted for Q3 2021.
The proposed merger with QualTek, which would have renamed the combined entity QualTek Services Inc. (NASDAQ: QTEK) and transitioned ROCR into a provider of 5G-related telecommunications and renewables services across the US and Canada, remains pending as of late 2025 with no confirmed completion despite shareholder approvals and extensions. Recent activity includes a February 2022 reverse merger reference in some filings indicating partial integration steps, alongside ongoing NASDAQ trading of ROCR shares and warrants at reduced trust values amid high redemptions and compliance notices for late filings. No other major acquisitions, funding rounds, or strategic shifts have occurred in the last 1-2 years, with the company focused on finalizing or pursuing alternative targets.