Roth CH Acquisition V Amends Merger Terms with New Era Helium

Roth CH Acquisition V revised the terms of its merger agreement with New Era Helium, extending the closing deadline by 270 days and altering the structure of the business combination. The revised structure will see the SPAC merge into a newly established subsidiary, Roth CH V Holdings, with the subsidiary surviving the merger. Additionally, the requirement to raise at least US$45mm through a private placement for new plant construction has been dropped, and the need to convert certain company debts into common stock has also been removed. The deal was initially announced in January with a pre-money valuation of US$90mm and involves the issuance of 9mm shares to New Era Helium, plus up to 1mm earnout shares contingent on financial milestones. Following the merger, New Era Helium plans to list on the Nasdaq.

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