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Sichenzia Ross Ference Carmel LLP Represents New Era Helium Corp. in Business Combination with Roth CH Acquisition V Co.

Press Release – Beverly Hills, CA – January 4th, 2023 – Sichenzia Ross Ference Carmel LLP announced today that it represented New Era Helium Corp. (“NEH” or the “Company”) in a successful business combination with Roth CH Acquisition V Co. (NASDAQ: ROCL), a publicly-traded special purpose acquisition company. The combination is expected to value New Era Helium Corp at $90 Million Pre-Money.

New Era Helium Corp. specializes in the sourcing of helium produced in association with the production of natural gas reserves in North America. The newly combined company will adopt the name of “New Era Helium Corp.”, and is expected to list on NASDAQ. The current NEH chairman, Joel Solis, and CEO, E. Will Gray II, will continue to lead the combined company, and existing shareholders will roll 100% of their equity into the combined company.

Mr. Gray commented, “New Era Helium was specifically formed as a scalable platform for the production of helium. The recent announcement of our long-term off-take agreements for our produced helium was a first step in our longer-term strategy. This transaction creates an aggregation model for upstream helium and positions the company as one of the first helium companies to list on a major exchange. We have trademarked the term “Responsibly Sourced Helium™”, while management and the Board will look to further expand our business while focusing on our ESG credentials. This business combination and support of our partners at Roth CH V will further enhance this expansion opportunity.

Joel Solis, Chairman of New Era Helium stated “I am pleased that our team has worked diligently to execute on our strategy of becoming one of the top tier producers of helium within North America. We welcome this new partnership and look forward to working with both Roth Capital Partners and Craig-Hallum Capital Group.

The management team of Roth CH V stated, “We are enthused to enter into this agreement with New Era Helium and look forward to completing this merger.”

The Sichenzia Ross Ference Carmel LLP team was led by partners Ross Carmel and Thiago Spercel, and associate Lony Leung.

Click here for a full list of recent combinations & transactions spearheaded by SRFC.

Sichenzia Ross Ference Carmel LLP