Roth CH Acquisition I Co. (OTCMKTS:ROCHU – Get Free Report) was up 137.3% during trading on Monday . The stock traded as high as $16.50 and last traded at $14.71. Approximately 5,772 shares traded hands during mid-day trading, an increase of 115% from the average daily volume of 2,685 shares. The stock had previously closed at $6.20.
Roth CH Acquisition I Stock Performance
The business has a 50 day moving average of $6.36 and a 200 day moving average of $9.48.
Roth CH Acquisition I Company Profile
Roth CH Acquisition I Co (OTCMKTS: ROCHU) is a Delaware-incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank check company, it does not conduct any operations of its own and holds its IPO proceeds in a trust account while searching for a suitable target.
The SPAC’s management team brings experience in investment banking, corporate finance and strategic advisory, leveraging industry relationships to identify and evaluate potential acquisition candidates.
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