Roth CH Acquisition III Co. Announces the Separate Trading of its Common Stock and Warrants, Commencing March 22, 2021

Rhea-AI Summary

Roth CH Acquisition III Co. (NASDAQ: ROCRU) announced that beginning March 22, 2021, investors can trade shares of its common stock and warrants separately from the units sold in the initial public offering. The common stock will trade under the symbol 'ROCR' and the warrants under 'ROCRW' on the Nasdaq Capital Market. Notably, only whole warrants will be issued upon the separation, and units that are not separated will continue trading as 'ROCRU'. This announcement does not constitute an offer for sale or solicitation of securities.

Positive

• Facilitates flexibility for investors allowing separate trading of stock and warrants.
• Increases market accessibility by listing common stock and warrants on Nasdaq.

Negative

• None.

Roth CH Acquisition III Co. (NASDAQ: ROCRU) (the “Company”) announced today that, commencing March 22, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s common stock and warrants included in the units.

No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols “ROCR” and “ROCRW,” respectively. Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol “ROCRU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of common stock and warrants.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, 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. 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/20210318005099/en/

FAQ

What is the significance of Roth CH Acquisition III Co. starting separate trading for common stock and warrants?

The ability for investors to separately trade shares of common stock and warrants provides increased flexibility and may enhance market interest.

When did Roth CH Acquisition III Co. announce the separate trading of its units?

The separation of trading began on March 22, 2021.

What symbols will the common stock and warrants trade under after the separation?

Post-separation, the common stock will trade under 'ROCR' and warrants under 'ROCRW'.

Will fractional warrants be issued upon the separation of the units?

No, only whole warrants will be issued after the separation.

What should holders of units do to separate their shares and warrants?

Holders need to contact their brokers to reach Continental Stock Transfer & Trust Company for the separation process.