Brief: QualTek To Go Public In Merger With Roth CH Acquisition III Co

QualTek Services

16/06/2021 13:34

June 16 (Reuters) - Roth CH Acquisition III Co  ROCR.O :
    * QUALTEK TO GO PUBLIC IN MERGER WITH ROTH CH ACQUISITION
III CO.,
PROVIDING GROWTH CAPITAL TO A LEADING 5G AND RENEWABLES
INFRASTRUCTURE SERVICES PROVIDER
    * QUALTEK TO GO PUBLIC IN MERGER WITH ROTH CH ACQUISITION
III CO.,
PROVIDING GROWTH CAPITAL TO A LEADING 5G AND RENEWABLES
INFRASTRUCTURE SERVICES PROVIDER
    * ROTH CH ACQUISITION III CO - TRANSACTION INCLUDES A $44
MILLION
PRIVATE PLACEMENT AS WELL AS A FULLY COMMITTED PIPE OF $66
MILLION FROM INSTITUTIONAL INVESTORS
    * ROTH CH ACQUISITION III CO - TRANSACTION VALUES COMBINED
COMPANY
AT AN ENTERPRISE VALUE OF $829 MILLION
    * ROTH CH ACQUISITION III CO - DEAL EXPECTED TO PROVIDE
ABOUT $225
MILLION IN GROSS PROCEEDS TO QUALTEK
    * ROTH CH ACQUISITION III CO - EXISTING QUALTEK SHAREHOLDERS
INCLUDING MANAGEMENT & BRIGHTSTAR CAPITAL PARTNERS EFFECTIVELY
ROLLING 100% OF THEIR EQUITY
    * ROTH CH ACQUISITION III CO - COMBINED COMPANY WILL BE
RENAMED
QUALTEK SERVICES INC, AND REMAIN LISTED ON NASDAQ UNDER NEW
TICKER QTEK
    * ROTH CH ACQUISITION III CO - QUALTEK'S FOUNDER & CEO SCOTT
HISEY, ALONG WITH CO'S SENIOR MANAGEMENT TEAM, WILL CONTINUE TO
LEAD NEW PUBLIC COMPANY
    * ROTH CH ACQUISITION III CO - ANDREW WEINBERG, FOUNDER &
CEO OF
BRIGHTSTAR CAPITAL PARTNERS, WILL CONTINUE TO SERVE AS CHAIRMAN
OF BOARD OF QUALTEK

Source text for Eikon:  ID:nBwbMHp0za 
Further company coverage:  ROCR.O 

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