Roth CH Acquisition V announced today that the exclusivity in its letter of intent with LiveOne’s Slacker has expired and the parties have mutually agreed to terminate discussions on a possible merger.. As a result, the SPAC said it is currently exploring opportunities with other merger candidates.
The LOI announced in April gave the potential deal a pre-money valuation of $160 million, which was subject to completion of diligence and definitive documentation.
Slacker Radio is a membership music streaming service that was launched in 2007 and is known for its personalized radio stations.
Roth V raised $100 million in a December 2021 IPO to focus initially on the business services, consumer, healthcare, technology, wellness or sustainability sectors. Read more.
