Roth CH Acquisition V Co. and Slacker Announce Expiration of Letter of Intent

Rhea-AI Summary

Roth CH Acquisition V Co. (ROCL) has announced the expiration of exclusivity in its letter of intent with Slacker, Inc., LiveOne's subsidiary. The parties have mutually agreed to terminate discussions for a potential acquisition. ROCL is now exploring opportunities with other potential merger candidates.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Roth CH Acquisition V Co. (the “Company” or “ROCL”) announced today that the exclusivity in its letter of intent with Slacker, Inc., LiveOne’s (Nasdaq: LVO) wholly owned subsidiary (“Slacker”), has expired and the parties have mutually agreed to terminate discussions with respect to a potential transaction to acquire Slacker. As a result, ROCL is currently exploring opportunities with other potential merger candidates in order to complete its business combination.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231030763830/en/

John Lipman, Co-CEO

Roth CH Acquisition V Co.

rothch@roth.com

Source: Roth CH Acquisition V Co.

FAQ

What is the company involved in the press release?

The company involved in the press release is Roth CH Acquisition V Co. (ROCL).

Who is the subsidiary mentioned in the press release?

The subsidiary mentioned in the press release is Slacker, Inc., which is owned by LiveOne (Nasdaq: LVO).

What happened to the exclusivity in the letter of intent?

The exclusivity in the letter of intent between ROCL and Slacker, Inc. has expired.

What is the current status of the discussions for a potential acquisition?

The parties have mutually agreed to terminate discussions for a potential acquisition.

What is ROCL currently doing?

ROCL is currently exploring opportunities with other potential merger candidates.

Is there any offer to sell or buy securities mentioned in the press release?

No, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities.