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Roth CH Acquisition V announces that Sharon AI and New Era Helium have signed a non-binding letter of intent to form a 50/50 joint venture for a 90MW net-zero energy data center in the Permian Basin. The project will leverage New Era Helium's existing Pecos Slope Field and include a power plant expected to capture 250,000 metric tons of CO2. Sharon AI will design and operate the Tier 3 data center with Nvidia and Lenovo partnerships, while New Era Helium will provide energy infrastructure and gas supply under a five-year agreement with extension options.
Sharon AI and New Era Helium have signed a non-binding letter of intent to form a 50/50 joint venture for a 90MW net-zero energy data center in the Permian Basin, Texas. The project aims to capture 250,000 metric tons of CO2 to qualify for 45Q tax credits. New Era Helium will provide gas supply at fixed costs for up to 20 years and handle energy infrastructure, while Sharon AI will design and operate the Tier 3 data center with partners Nvidia and Lenovo. The facility will feature direct-to-chip liquid cooling and focus on AI/HPC workloads. This development follows New Era Helium's planned business combination with Roth CH Acquisition V Co., expected to result in NEH's Nasdaq listing.
Roth CH Acquisition V Co. (NASDAQ: ROCL, ROCLU, ROCLW) announced that the SEC has declared effective the registration statement for its proposed business combination with New Era Helium Corp (NEH). The special meeting of stockholders is scheduled for November 26, 2024, to vote on the merger. NEH is an exploration and production company focusing on helium from natural gas reserves in North America. The proxy statement/prospectus was mailed to ROCL stockholders on November 6, 2024, and an updated investor presentation is expected to be filed with the SEC on November 12, 2024.
Roth CH Acquisition V Co. (NASDAQ: ROCLU) announced the commencement of trading for holders of its units starting January 5, 2022. Investors can choose to separately trade the company's common stock and warrants, which will be listed on the Nasdaq Global Market under symbols ROCL and ROCLW, respectively. Holders must contact Continental Stock Transfer & Trust Company to separate their units. This announcement does not constitute an offer or solicitation of securities.
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.
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