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New Era Helium: Updated Prospectus

  • May 12, 2024
  • 1 min read

Roth CH Acquisition filed a proxy and prospectus outlining its proposed merger with New Era Helium, a helium exploration and production company with assets in New Mexico. The parties announced the deal in January at a pre-money valuation of US$90mm. Terms call for the issuance of 9mm shares to New Era Helium, plus 1mm earnout shares in two equal tranches if certain financial milestones are reached. If the deal is approved, upon closing New Era Helium is expected to list on the Nasdaq. The transaction is expected to be completed in H1'24.

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