Roth CH Acquisition Co. Announces Voluntary Delisting From Nasdaq
April 15 2024 - 6:08PM
Business Wire
Roth CH Acquisition Co. (Nasdaq: “USCT”) ("we", "us", "our", or
the "Company"), today announced that it has notified the Nasdaq
Stock Market LLC (“Nasdaq”) of its decision to voluntarily delist
its Class A Ordinary Shares, Units and Warrants exercisable for one
Class A Ordinary Share at an exercise price of $11.50 from the
Nasdaq Global Market. The Company intends to file a Form 25 with
the Securities and Exchange Commission (the “SEC”) to remove its
Class A Ordinary Shares, Units, and Warrants from listing on the
Nasdaq Global Market on or about April 25, 2024 and as a result,
the delisting is expected to become effective on or about April 25,
2024. The Company will remain subject to such reporting obligations
under Sections 13 and 15(d) of the Exchange Act.
As previously noted in the Company’s Current Report on Form 8-K
filed with the SEC on October 16, 2023, the Company had received
written notice from Nasdaq that the Company was not in compliance
with Listing Rule 5450(a)(2), which requires the Company to have at
least 400 shareholders for continued listing on the Nasdaq Global
Market. Additionally, as previously disclosed in the Company’s
Current Report on Form 8-K filed on January 29, 2024, the Company
received a notice from Nasdaq that the Company was not in
compliance with Nasdaq Listing Rule 5620(a), which requires that
Nasdaq-listed companies hold an annual meeting of shareholders
within twelve months of their fiscal year end because the Company
did not hold an annual meeting of shareholders within twelve months
of its fiscal year ended December 31, 2022.
Following the delisting, the Company expects to have its Class A
Ordinary Shares, Units, and Warrants quoted on a market operated by
OTC Markets Group Inc. (the “OTC”) so that a trading market may
continue to exist for such securities. There is no guarantee,
however, that a broker will continue to make a market in the
Company’s Class A Ordinary Shares, Units, and Warrants and that
trading thereof will continue on an OTC market or otherwise.
About Roth CH Acquisition Co.
Roth CH Acquisition Co. is a blank check company (formerly known
as TKB Critical Technologies 1) incorporated as a Cayman Islands
exempted company for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses, and is
headquartered in Miami Beach, Florida.
For more information, the Company recommends that shareholders,
investors and any other interested parties read the Company's
public filings available at www.sec.gov.
Forward-Looking Statements
This press release contains forward-looking statements, as that
term is defined in the Private Litigation Reform Act of 1995, that
involve significant risks and uncertainties. Forward-looking
statements can be identified through the use of words such as
“may," "might," "will," "intend," "should," "could," "can,"
"would," "continue," "expect," "believe," "anticipate," "estimate,"
"predict," "outlook," "potential," "plan," "seek," and similar
expressions and variations or the negatives of these terms or other
comparable terminology. Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect the
Company's current expectations and speak only as of the date of
this release. Actual results may differ materially from the
Company's current expectations depending upon a number of factors.
These factors include, among others, the coronavirus (COVID-19) and
the effects of the outbreak and actions taken in connection
therewith, adverse changes in general economic and market
conditions, competitive factors including but not limited to
pricing pressures and new product introductions, uncertainty of
customer acceptance of new product offerings and market changes,
risks associated with managing the growth of the business, and
those other risks and uncertainties that are described in the "Risk
Factors" section of the Company's annual report filed on Form 10-K
filed with the U.S. Securities and Exchange Commission. Except as
required by law, the Company does not undertake any responsibility
to revise or update any forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240415797772/en/
Byron Roth Co-Chief Executive Officer and Co-Chairman of the
Board rothch@roth.com
Roth CH Acquisition (NASDAQ:USCT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Roth CH Acquisition (NASDAQ:USCT)
Historical Stock Chart
From Jul 2023 to Jul 2024