Roth CH Acquisition V Co. Announces Pricing of $100 Million Initial Public Offering

Rhea-AI Summary

Roth CH Acquisition V Co. announced the pricing of its initial public offering (IPO) of 10 million units at $10.00 each, set to trade under the ticker symbol ROCLU on Nasdaq starting December 1, 2021. Each unit consists of one share of common stock and one-half of a redeemable warrant, with a $11.50 exercise price for the whole warrant. The offering is expected to close on December 3, 2021. Roth Capital Partners and Craig-Hallum Capital Group are acting as joint book-running managers for the offering.

Positive

• Successful pricing of 10 million units at $10.00 each indicates strong investor interest.
• Potential for significant capital raised to support future business activities.

Negative

• The offering may dilute existing shareholders' value.
• No guarantees on the offering's completion or use of proceeds as planned due to market conditions.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Roth CH Acquisition V Co. (the “Company”) announced today the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “ROCLU” beginning on December 1, 2021.

Each unit consists of one share of common stock and one-half 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 “ROCL” and “ROCLW,” respectively.

Roth Capital Partners and Craig-Hallum Capital Group are acting as joint book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any. Maxim Group LLC is acting as the qualified independent underwriter for the offering. The offering is expected to close on December 3, 2021.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 30, 2021. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Roth Capital Partners, 888 San Clemente, Newport Beach, CA 92660, Attn: Prospectus Department, telephone: 800-678-9147, or Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, Attn: Equity Capital Markets, telephone: 612-334-6300 or by email at prospectus@chlm.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211130006113/en/

John Lipman, Co-CEO

Roth CH Acquisition V Co.

rothch@roth.com

Source: Roth CH Acquisition V Co.

FAQ

What is the IPO pricing for Roth CH Acquisition V Co.?

The IPO is priced at $10.00 per unit.

When will Roth CH Acquisition V Co. start trading on Nasdaq?

The company is set to start trading on Nasdaq under the ticker ROCLU on December 1, 2021.

What does each unit in Roth CH Acquisition V Co.'s IPO consist of?

Each unit consists of one share of common stock and one-half of a redeemable warrant.

What is the exercise price for the redeemable warrants?

The exercise price for each whole warrant is $11.50.

Who are the underwriters for Roth CH Acquisition V Co.'s IPO?

The underwriters include Roth Capital Partners and Craig-Hallum Capital Group.