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New Era Helium Announces Merger and Listing Details

Roth CH Acquisition (ROCL), a special purpose acquisition company, and New Era Helium Corp (NEH), an E&P company focused on helium sourced from natural gas reserves, have released an investor presentation setting out their planned business combination. The combined company, named "New Era Helium Corp," is set to list on NASDAQ upon transaction closure. NEH's current Chairman and CEO will continue to lead the merged entity, with existing NEH shareholders rolling 100% of their equity into the new company. The business combination is expected to be finalised in H1'24, subject to regulatory approvals. The enterprise value of the company is expected to be US$135mm on listing. This is a large premium to the other listed companies (e.g., Bluestar at ~US$30mm). The helium concentration is between 0.17-1.5% from the current production.

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