Roth CH Acquisition V And New Era Helium (NEH) inked A Deal To Combine Business At A Pre-money Valuation Of $90M, Which Is Expected To Result In NEH Becoming A Public Company
Portfolio Pulse from Benzinga Newsdesk
Roth CH Acquisition V (ROCL) has entered into an agreement to combine with New Era Helium (NEH) at a pre-money valuation of $90 million. This transaction is anticipated to lead to NEH becoming a publicly traded company.
January 04, 2024 | 11:53 am
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Roth CH Acquisition V's agreement to merge with NEH at a $90M valuation could potentially increase ROCL's stock price as it leads to NEH becoming public.
Mergers and acquisitions often lead to increased investor interest and can result in a positive stock price movement for the acquiring company, especially when it involves taking a company public. The pre-money valuation of $90M for NEH suggests a significant deal that could be seen as a growth opportunity for ROCL.
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