Roth Ch Acquisition V Co.’s Lock-Up Period Set To End on May 30th (NASDAQ:ROCLU)

Roth Ch Acquisition V’s (NASDAQ:ROCLU – Get Rating) lock-up period is set to expire on Monday, May 30th. Roth Ch Acquisition V had issued 10,000,000 shares in its initial public offering on December 1st. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

ROCLU stock opened at $9.92 on Monday. The company has a 50 day moving average of $9.97. Roth Ch Acquisition V has a 1 year low of $9.67 and a 1 year high of $10.16.

Large investors have recently modified their holdings of the company. Sanders Morris Harris LLC purchased a new stake in Roth Ch Acquisition V during the 4th quarter worth about $12,915,000. Saba Capital Management L.P. acquired a new stake in shares of Roth Ch Acquisition V during the 4th quarter worth about $9,389,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Roth Ch Acquisition V during the fourth quarter worth about $5,208,000. Aristeia Capital LLC acquired a new position in shares of Roth Ch Acquisition V in the fourth quarter valued at approximately $5,075,000. Finally, Beryl Capital Management LLC purchased a new position in shares of Roth Ch Acquisition V during the fourth quarter valued at approximately $4,540,000.

About Roth Ch Acquisition V (Get Rating)

Roth Ch Acquisition V Co intends to acquire assets and businesses through a merger, share exchange, stock purchase, recapitalization, reorganization, or other similar business combination. It focuses on acquiring businesses operating in the business services, consumer, healthcare, technology, wellness, or sustainability sectors.

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