Brief: Reservoir Holdings, Inc., A Leading Independent Music Company, To List On Nasdaq Through Merger With Roth Ch Acquisition Ii Co.

Reservoir Media

14/04/2021 22:03

April 14 (Reuters) - Roth CH Acquisition II Co  ROCC.O :
    * RESERVOIR HOLDINGS, INC., A LEADING INDEPENDENT MUSIC
COMPANY,
TO LIST ON NASDAQ THROUGH MERGER WITH ROTH CH ACQUISITION II CO.
    * ROTH CH ACQUISITION II CO - TRANSACTION VALUES COMBINED
COMPANY
AT AN ENTERPRISE VALUE OF $788 MILLION
    * ROTH CH ACQUISITION II CO - TRANSACTION EXPECTED TO
PROVIDE
APPROXIMATELY $246 MILLION IN GROSS PROCEEDS TO COMPANY
    * ROTH CH ACQUISITION II CO - TRANSACTION INCLUDES A FULLY
COMMITTED PIPE OF $150 MILLION FROM INSTITUTIONAL INVESTORS,
INCLUDING CALEDONIA
    * ROTH CH ACQUISITION II CO - EXISTING RESERVOIR
SHAREHOLDERS ARE
ROLLING 100% OF THEIR EQUITY AS PART OF TRANSACTION
    * ROTH CH ACQUISITION II CO - COMBINED COMPANY WILL BE
RENAMED
RESERVOIR MEDIA, INC. AND REMAIN LISTED ON NASDAQ UNDER NEW
TICKER RSVR
    * ROTH CH ACQUISITION II CO - COMBINED COMPANY WILL CONTINUE
TO BE
LED BY GOLNAR KHOSROWSHAHI

Source text for Eikon:  ID:nBw3kh15Fa 
Further company coverage:  ROCC.O 

 ((Reuters.Briefs@thomsonreuters.com;))