Merger ROCCU

Music Publishing Company Reservoir Holdings goes public through merger with Roth CH Acquisition Co II

, BusinessWire

Roth CH Acquisition II (NASDAQ: ROCCU) and Reservoir Holdings, Inc., today a leading independent music company announced the signing of a definitive agreement for a business combination that will result in Reservoir becoming a public company.

100% of the shareholders of Reservoir have agreed to roll-over the equity in the new company.

Reservoir is expected to receive approximately $246 million of cash – inclusive of the $150 million PIPE anchored by Caledonia.

The transaction implies a pro forma enterprise valuation for the combined company of approximately $788 million at closing

On closing, founder, and CEO Golnar Khosrowshahi will continue to lead the combined company

On closing, the combined company will be renamed “Reservoir Media, Inc.” and is expected to remain listed on the NASDAQ under the new ticker symbol “RSVR”.

The transaction is expected to close in Q3 2021.

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