Current Report Filing (8-k)
29 May 2020 - 7:22AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 26, 2020
Date of Report (Date of earliest event reported)
Roth CH Acquisition I Co.
(Exact Name of Registrant as Specified in
its Charter)
Delaware
|
|
001-39282
|
|
83-3584792
|
(State or other jurisdiction
of incorporation)
|
|
(Commission File Number)
|
|
(I.R.S. Employer
Identification No.)
|
888 San Clemente Drive, Suite 400
Newport Beach, CA
|
|
92660
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
Registrant’s telephone number, including
area code: (949) 720-5700
N/A
(Former name or former address, if changed
since last report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
|
Written communications pursuant to Rule 425 under the Securities Act
|
¨
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|
¨
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
|
¨
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
|
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on
which registered
|
Common Stock
|
|
ROCH
|
|
The Nasdaq Stock Market LLC
|
Warrants
|
|
ROCHW
|
|
The Nasdaq Stock Market LLC
|
Units
|
|
ROCHU
|
|
The Nasdaq Stock Market LLC
|
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
Emerging growth company x
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 3.02. Unregistered Sales of Equity Securities.
The information included in Item 8.01 is incorporated into this
Item by reference.
Item 8.01. Other Events
As previously disclosed on a Current Report
on Form 8-K dated March 4, 2020, Roth CH Acquisition I Co. (the “Company”), consummated its initial public offering
(“IPO”) of 7,500,000 units (the “Units”). Each Unit consists of one share of common stock (“Common
Stock”) and three-quarters of one warrant (“Warrant”) entitling the holder of each whole Warrant to purchase
one share of Common Stock at a price of $11.50 per whole share. The Units were sold at an offering price of $10.00 per Unit, generating
gross proceeds of $75,000,000.The Company granted the underwriters a 45-day option to purchase up to 1,125,000 additional Units
to cover over-allotments, if any.
As also previously disclosed in the Current
Report, simultaneously with the closing of the IPO, the Company consummated the private placement (“Private Placement”)
of 262,500 units (the “Private Units”) at a price of $10.00 per Private Unit, generating total proceeds of $2,625,000.
Subsequently, on May 22, 2020, the underwriters
exercised the over-allotment option in part, and the closing of the issuance and sale of the additional Units occurred (the “Over-Allotment
Option Units”) on May 26, 2020. The total aggregate issuance by the Company of 150,000 units at a price of $10.00 per unit
resulted in total gross proceeds of $1,500,000. On May 26, 2020, simultaneously with the sale of the Over-Allotment Option Units,
the Company consummated the private sale of an additional 3,000 Private Units, generating gross proceeds of $30,000. The Private
Units were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as the transactions did not involve a
public offering.
On May 26, 2020, the underwriters canceled
the remainder of the over-allotment option. In connection with the cancellation of the remainder of the over-allotment option,
the Company has canceled an aggregate of 243,750 shares of Common Stock issued to certain stockholder of the Company prior to the
IPO and Private Placement.
A total of $76,500,000 of the net proceeds
from the sale of Units in the initial public offering (including the Over-Allotment Option Units) and the Private Placements on
May 7, 2020 and May 26, 2020, were placed in a trust account established for the benefit of the Company’s public shareholders.
Included with this report as Exhibit 99.1 is a pro-forma balance sheet reflecting the exercise of the over-allotment option.
Item 9.01. Financial Statements and Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 28, 2020
ROTH CH ACQUISITION I CO.
By:
|
/s/ Byron Roth
|
|
Name:
|
Byron Roth
|
|
Title:
|
Chief Executive Officer
|
|
Roth CH Acquisition I (NASDAQ:ROCHU)
Historical Stock Chart
From May 2024 to Jun 2024
Roth CH Acquisition I (NASDAQ:ROCHU)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Roth CH Acquisition I Company (NASDAQ): 0 recent articles
More Roth Ch Acquisition I Co News Articles