ROC Energy Acquisition Corp. Announces Closing of Upsized $180 Million Initial Public Offering
December 06 2021 - 3:58PM
ROC Energy Acquisition Corp. (the “Company”) announced today the
closing of its upsized initial public offering of 18,000,000 units,
at a price of $10.00 per unit, resulting in gross proceeds of $180
million. The Company’s units commenced trading on the Nasdaq Global
Market (“Nasdaq”), on December 2, 2021, under the ticker symbol
“ROCAU.” Each unit consists of one share of the Company’s common
stock and one right to receive one-tenth (1/10) of a share of
common stock upon the consummation of an initial business
combination. Once the securities comprising the units begin
separate trading, the shares of common stock and rights are
expected to be listed on Nasdaq under the symbols “ROC” and
“ROCAR,” respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an acquisition in any business industry or sector, it
intends to concentrate its efforts on the non-operated, upstream
oil and gas sector in the U.S. The Company is led by Chief
Executive Officer Daniel Jeffrey Kimes and Chief Financial Officer
Rosemarie
Cicalese.
EarlyBirdCapital, Inc. acted as sole
book-running manager of the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
2,700,000 units at the initial public offering price to cover
over-allotments, if any.
Of the proceeds received from the consummation
of the offering and a simultaneous private placement of units,
$181.8 million (or $10.10 per unit sold in the offering) was placed
in the Company’s trust account. An audited balance sheet of the
Company as of December 6, 2021 reflecting receipt of the proceeds
upon consummation of the offering and the private placement will be
included as an exhibit to a Current Report on Form 8-K to be filed
by the Company with the Securities and Exchange Commission (the
“SEC”).
The offering was made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
offering and final prospectus may be obtained from
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York,
New York 10017.
The registration statements relating to these
securities have been filed with, and were declared effective by,
the SEC on December 1, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering and the search for an initial business
combination. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement for the offering filed with the
SEC. Copies are available on the SEC’s website, www.sec.gov.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contact
Daniel Jeffrey Kimes Chief Executive Officer ROC Energy
Acquisition Corp. (972) 392-6180
ROC Energy Acquisition (NASDAQ:ROCAR)
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