Demand For Helium is Becoming an Extremely High-Value Commodity and Billion Dollar IndustryPALM BEACH, Fla., Dec. 10, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The Global Helium Market may be bigger than the typical investor assumes. Helium gas serves important roles in different industries, including technology, science, medicine, and manufacturing. Helium market is primarily driven by advancements in technology. A report from Allied Market Research states that the global helium market, which was valued at $3.3 billion in 2022, is projected to reach $4.9 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032. Also a recent article from a source devoted as an online source for researching investment opportunities had this to add: “Helium is a critical element that is essential in the production of computer chip manufacturing (everything from your smartphone to your TV to your refrigerator), scientific research, healthcare (medical devices such as MRI machines), communications, space exploration and defense, and includes advancements into AI development. Helium is a very important element/gas. It has an incredibly low boiling point and is non-reactive, making it indispensable in high-tech and medical applications. Since helium has such an extremely low boiling point, close to absolute zero, it is essential in cooling various manufacturing applications.” Active companies in the markets include: New Era Helium Corp. (
NASDAQNEHC), Roth CH Acquisition V Co.
NASDAQ: ROCLNASDAQROCL)
(NASDAQ: CRDONASDAQCRDO
, Texas Pacific Land Corporation (NYSE: TPLNYSE
).
New Era Helium Announces Closing of Business CombinationMidland, TX – December 7, 2024 – New Era Helium, Inc. (“NEH,” “New Era Helium” or the “Company”), an exploration and production company sourcing helium produced in association with the production of natural gas reserves within the Permian Basin, is pleased to announce it has closed on its previously announced business combination with Roth CH […]
Nasdaq Staff Determination Letter
On December 2, 2024, Roth CH Acquisition V Co. , a Delaware corporation (“ROCL” or the “Company”), received a notice from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company had not completed an initial business combination within 36 months of the effective date of its registration statement in connection with its initial public offering, it was not in compliance with Nasdaq IM 5101-2, and was therefore subject to delisting. The Company has until December 9, 2024 to request a hearing before the Nasdaq Hearings Panel. Trading in the Company’s securities on Nasdaq will be suspended at the opening of business on December 9, 2024.
Roth CH Acquisition V (NASDAQ: ROCL, ROCLU, ROCLW) Announces Merger Candidate New Era Helium Corp.’s Letter of Intent to Form a Joint Venture with Leading AI Datacenter Developer Sharon AI
Roth CH Acquisition V Co. (NASDAQ: ROCL, ROCLU, ROCLW) (“RothCH”) today announces that Sharon AI, Inc. (“Sharon AI”) a High-Performance Computing business focused on Artificial Intelligence, Cloud GPU Compute Infrastructure, and Cloud Storage and New Era Helium Corp. (“New Era Helium,” or “NEH”), an industrial gas business that currently produces helium and natural gas, have executed a non-binding letter of intent to form a joint venture for the design, development, and operation of an initial 90MW net-zero energy data center in the Permian Basin. The companies are currently negotiating the definitive joint venture agreement. There can be no assurance that a definitive joint venture agreement will be executed or that the proposed transaction will be consummated on the terms or timeframe currently contemplated.
Roth CH Acquisition V Co. Announces Effectiveness of Registration Statement for Proposed Business Combination with New Era Helium Corp.
Roth CH Acquisition V Co. (“ROCL”) (NASDAQ: ROCL, ROCLU, ROCLW), a publicly traded special purpose acquisition company, has announced that the U.S. Securities and Exchange Commission (“SEC”) has declared effective the registration statement on Form S-4 filed by ROCL’s wholly owned subsidiary, Roth CH V Holdings, Inc. (“Holdings”), in connection with ROCL’s proposed business combination with New Era Helium Corp. (“NEH” or the “Company”), an exploration and production company specializing in helium sourced from natural gas reserves in North America. The related proxy statement/prospectus (the “Proxy Statement/Prospectus”) was first mailed to ROCL stockholders on or about November 6, 2024. ROCL’s shareholders are scheduled to vote on the matter at a special meeting of stockholders on November 26, 2024
Roth CH Acquisition V Co. and Slacker Announce Expiration of Letter of Intent
Roth CH Acquisition V Co. (the “Company” or “ROCL”) announced today that the exclusivity in its letter of intent with Slacker, Inc., LiveOne’s (Nasdaq: LVO) wholly owned subsidiary (“Slacker”), has expired and the parties have mutually agreed to terminate discussions with respect to a potential transaction to acquire Slacker. As a result, ROCL is currently exploring opportunities with other potential merger candidates in order to complete its business combination.
Roth CH Acquisition V Co. Announces Pricing of $100 Million Initial Public Offering
Roth CH Acquisition V Co. (the “Company”) announced today the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “ROCLU” beginning on December 1, 2021.
