Roth CH Acquisition I announced in an 8-K filing that its shareholders voted in favor of the SPAC’s proposed merger with PureCycle Technologies.
The combined company is expected to have a market value of about $1.1 billion and list on the Nasdaq under PCT.
The SPAC in the filing said 5,100 shares were redeemed ahead of the vote for approximately $10 a share. It is unclear why stockholders would redeem shares at that price, as the SPAC’s stock was trading above $26 a share before the March 16 merger vote. Read more.
