Roth CH Acquisition III Co. Announces Pricing of $100 Million Initial Public Offering
Roth CH Acquisition III Co. has priced its initial public offering (IPO) at $10.00 per unit, totaling 10 million units on Nasdaq under the ticker symbol “ROCRU” starting March 3, 2021. Each unit includes one share of common stock and a quarter of a redeemable warrant. The IPO is expected to close on March 5, 2021. Roth Capital Partners and Craig-Hallum Capital Group are managing the offering and have a 45-day option to purchase an additional 1.5 million units. The registration statement was declared effective by the SEC on March 2, 2021.
- Successful pricing of 10 million units at $10.00 each indicates strong investor interest.
- The offering provides the company with significant capital to pursue business opportunities.
- Dependence on successful IPO execution and future business combination adds uncertainty.
- Forward-looking statements in the PR indicate potential risks and conditions affecting the offering.
Roth CH Acquisition III Co. (the “Company”) announced today the pricing of its initial public offering of 10,000,000 units at a price of
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.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on March 2, 2021. 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.
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 by accessing the SEC’s website, www.sec.gov; 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.
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.
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