Roth CH Acquisition I (ROCHU) and PureCycle Technologies (PCT) Announce Closing of Business Combination
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Roth CH Acquisition I Co. (NASDAQ: ROCH, ROCHU, ROCHW) (“Roth CH”) and PureCycle Technologies LLC jointly announced today that they have closed their previously announced business combination.
The business combination was approved by Roth CH’s stockholders at a special meeting held on March 16, 2021. Upon completion of the business combination on March 17, 2021, the combined company changed its name to PureCycle Technologies, Inc. (“PureCycle”). PureCycle’s common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol “PCT” commencing March 18, 2021. PureCycle’s units and warrants are also expected to begin trading on the Nasdaq Stock Market under the ticker symbols “PCTTU” and “PCTTW”, respectively.
About PureCycle TechnologiesPureCycle Technologies, Inc. holds a global license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (“P&G”), for restoring waste polypropylene (“PP”) into virgin-like resin. The proprietary process removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market. To learn more, visit www.purecycletech.com.
About Roth CH Acquisition I Co. Roth CH Acquisition I Co. was organized as a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Roth CH was jointly managed by Roth Capital Partners and Craig-Hallum Capital Group. Its initial public offering occurred on May 4, 2020 raising approximately $76.5 million. For more information, visit www.rothch.com.
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