New Era Helium Granted Extension to Meet Nasdaq Requirements
- Jul 4, 2024
- 2 min read
New Era Helium's SPAC, Roth CH Acquisition V Co, received an extension from a Nasdaq Hearings Panel until November 11, 2024, to meet the 400 Total Holders rule necessary for continued listing. This extension follows the company's inability to comply within the initial timeframe after being first notified of non-compliance in Oct'23. As Roth CH works towards a business combination with New Era Helium, which is expected to help achieve compliance, the company also revised its merger agreement to simplify the terms and eliminate certain funding and debt conversion conditions, enhancing its strategic positioning within the helium market.