Roth CH Acquisition I Co. (OTCMKTS:ROCHU – Get Free Report) was down 50.7% during mid-day trading on Monday . The stock traded as low as $5.42 and last traded at $5.42. Approximately 226 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 2,685 shares. The stock had previously closed at $11.00.
Roth CH Acquisition I Price Performance
The firm’s fifty day moving average price is $10.78 and its 200-day moving average price is $9.23.
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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