Roth CH Acquisition I Co. (ROCHU), announced the pricing of their $75 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Tuesday, May 5th, under the symbol Nasdaq: ROCHU.
Roth CH Acquisition I Co. intends to focus on companies in a broad range of sectors including healthcare, wellness, consumer and technology. Additionally, Roth CH will be led by Byron Roth, as Chairman and Chief Executive Officer, and will be joined by Co-Presidents Rick Hartfiel and Aaron Gurewitz.
Total SPAC deal count for 2020 year-to-date is now 20 with $6.236 billion in gross proceeds raised. The offering is anticipated to close on Thursday, May 7, 2020.
Roth Capital Partners and Craig-Hallum Capital Group are acting as joint book-running managers of the offering. Loeb & Loeb LLP and Graubard Miller were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP acted as auditor.
At the SPAC of Dawn There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. Such agreements are generally a lever one pulls when a SPAC expects a potentially turbulent closing. All in all, the terms for...
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...