Roth CH Acquisition V, the fifth blank check company formed by executives at Roth Capital and Craig-Hallum, raised $100 million by offering 10 million units at $10. Each unit contains one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by co-CEO and co-Chairman Byron Roth, founder and CEO of Roth Capital Partners, co-CEO and co-Chairman John Lipman, Partner and Managing Director of Investment Banking at Craig-Hallum, and CFO Gordon Roth, CFO and COO of Roth Capital. Roth CH Acquisition V aims to leverage management's experience to target the business services, consumer, healthcare, technology, wellness or sustainability sectors.
The group's previous SPACs include Roth CH Acquisition IV (ROCGU), Roth CH Acquisition III (ROCR), and the SPACs that merged with Reservoir Media (RSVR) and PureCycle Technologies (PCT).
The Newport Beach, CA-based company plans to list on the Nasdaq under the symbol ROCLU. Roth Capital and Craig-Hallum Capital Group acted as joint bookrunners on the deal.
