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Roth CH Acquisition Co. (USCTF0.00%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing a net loss of $59,858 for the three months ended September 30, 2024, primarily due to operational costs.
The company reported net income of $450,355 for the nine months ended September 30, 2024, which includes interest income of $435,437 and a change in fair value of warrant liabilities of $529,550.
Roth CH Acquisition Co. had cash of $43,585 as of September 30, 2024, with a working capital deficit of $1,886,196.
The company has not commenced any operations and is focused on identifying a target company for an initial business combination.
Roth CH Acquisition Co. terminated its business combination agreement with Wejo Group Limited on June 25, 2023, with mutual releases and no termination fees.
The company has amended its Articles of Association to remove SPAC-related provisions and liquidated its Trust Account, effective May 15, 2024.
The company is exploring additional financing options to meet its working capital needs and acknowledges substantial doubt about its ability to continue as a going concern.
Roth CH Acquisition Co. continues to evaluate the impact of the COVID-19 pandemic and geopolitical events on its financial position and operations.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Roth CH Acquisition Co. quarterly 10-Q report dated November 14, 2024. To report an error, please email earnings@qz.com.