ROC Energy Acquisition Corp. Announces Full Exercise of Underwriters' Over-Allotment Option in Connection with its Initial Public Offering
December 09 2021 - 3:11PM
ROC Energy Acquisition Corp. (the “Company”) announced today the
closing of the issuance of an additional 2,700,000 units pursuant
to the full exercise of the underwriters’ option to purchase
additional units in connection with the initial public offering at
a price of $10.00 per unit, resulting in gross proceeds of $27
million and bringing the total gross proceeds of the initial public
offering to $207,000,000. 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.
Of the proceeds received from the consummation
of the offering (as well as the exercise of the option to purchase
additional units) and a simultaneous private placement of units,
$209.07 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 (but not including the closing of the additional units
described herein) 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 final prospectus 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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