Curated News
By: NewsRamp Editorial Staff
December 07, 2024

New Era Helium Closes Business Combination, Marks Nasdaq Listing

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Source News Release

TLDR

  • NEH has closed a business combination with Roth CH V Holdings, Inc. and Roth CH Acquisition V. Co., with NEH merged with Roth CH V Merger Sub Corp.
  • NEH merged with Roth CH V Merger Sub Corp, a wholly-owned subsidiary of Holdings, and Holdings has changed its name to New Era Helium.
  • NEH's Nasdaq listing will enhance visibility and attract U.S. investors interested in energy infrastructure and sustainable innovation, further underscoring the value of its assets and forward-looking projects.
  • NEH announced a non-binding joint venture with Sharon AI, Inc. to build a 90MW net-zero Tier 3 data center powered by sustainable energy and carbon capture technology.

Impact - Why it Matters

This news matters as it signals a significant development in the helium and natural gas production sector, with the company now positioned to attract U.S. investors and drive growth in the critical sector. The non-binding joint venture with Sharon AI, Inc. also points to the company's commitment to sustainable innovation and energy infrastructure.

Summary

New Era Helium, Inc. has closed on its business combination with Roth CH V Holdings, Inc., marking a pivotal milestone in its mission to establish itself as a leading consolidator of helium and natural gas production. The company's stock and public warrants are expected to begin trading on Nasdaq under the symbols 'NEHC' and 'NEHCW', respectively. This move is expected to enhance the company's visibility and attract U.S. investors interested in energy infrastructure and sustainable innovation. NEH also announced a non-binding joint venture with Sharon AI, Inc. to build a 90MW net-zero Tier 3 data center within the Permian Basin, combining expertise in high-performance computing with extensive helium and natural gas reserves.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, New Era Helium Closes Business Combination, Marks Nasdaq Listing

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