Roth CH Acquisition ROCHU = 1C + 3/4 W
Term 18 months.
1 W + $11.50 Call 18.
$75mm deal. Roth and Craig Hallum
May 04, 2020 06:08 PM Eastern Daylight Time
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Roth CH Acquisition I Co. (the “Company”) announced today the pricing of its initial public offering of 7,500,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “ROCHU” beginning on May 5, 2020. Each unit consists of one share of common stock and three-quarters of one redeemable warrant, with each whole warrant exercisable to purchase one share of common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of common stock and warrants are expected to be listed on Nasdaq under the symbols “ROCH” and “ROCHW,” respectively. The offering is expected to close on May 7, 2020.
Roth Capital Partners and Craig-Hallum Capital Group are acting as joint book-running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,125,000 units at the initial public offering price to cover over-allotments, if any.