New Era Helium is to merge with publicly traded special purpose acquisition company Roth CH Acquisition as part of a signed definitive agreement.
Unveiled today (4th January), at a pre-money valuation of $90m, the transaction is expected to see New Era Helium listed on NASDAQ.
The company’s current Chairman, Joel Solis, and CEO, Will Gray II, will continue to lead the combined company. It is hoped that the transaction will close in the first half of 2024.
Will Gray, CEO of New Era Helium, said the business combination will further enhance the company’s expansion opportunity.
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