Jem Aswad Senior Music EditorNew York-based music-rights company Reservoir Holdings has announced that it will list on NASDAQ through a merger with the Roth CH Acquisition II Company.According to the announcement, the transaction values the combined company at $788 million and is expected to provide approximately $246 million in gross proceeds to the company.Upon closing of the transaction, the combined company will be renamed Reservoir Media, Inc.
and is expected to remain listed on the NASDAQ under the new ticker symbol “RSVR.”In connection with the merger announcement, the companies executed definitive agreements with institutional investors, including funds managed by Caledonia, for a common stock PIPE of $150 million at $10.00 per.
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