- Business
- Roth CH Acquisition Co. (OTC: USCTF) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant current operations and a focus on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses or entities. The company provides no core products or services beyond its SPAC structure, which facilitates public market access for private growth companies through reverse mergers; its securities include Class A ordinary shares, units, and warrants traded over-the-counter following a voluntary delisting from Nasdaq in April 2024 due to non-compliance with listing rules on shareholder count and annual meetings. Founded in 2021 and headquartered in Miami Beach, Florida, Roth CH Acquisition Co. targets sectors such as business services, consumer, healthcare, technology, wellness, and sustainability, with an emphasis on companies valued between $250 million and $1 billion; it was formerly known as TKB Critical Technologies 1, changing its name in September 2023. Recent major developments include the signing of a definitive business combination agreement with Sharon AI, a developer of specialized AI/high-performance computing (HPC) cloud GPU infrastructure platforms, announced in 2025, with a registration statement on Form S-4 filed with the SEC on June 4, 2025, and subsequent amendments; this transaction aims to create a publicly traded entity focused on AI data centers, including Sharon AI's ongoing Phase One engineering for a flagship 250MW AI data center campus joint venture in Texas and strategic power agreements with partners like TCDC and Thunderhead Energy Solutions. Additional updates encompass plans to appoint industry expert Drew Kelton to the board of directors post-combination and continued pursuit of the merger amid OTC trading, with proxy materials available on its website for shareholder review.