Exploration and production company New Era Helium has completed its merger with Roth CH V Holdings (Holdings) and Roth CH Acquisition, following an initial announcement in January 2024.
With the transaction complete, Holdings has changed its name to New Era Helium and the combined company will operate under the new name, trading on Nasdaq under the ticker symbols “NEHC” and “NEHCW”.
The news follows New Era Helium last month (Nov 2024) announcing that it was one step closer to being publicly listed following approval from the US Securities and Exchange Commission (SEC) of its registration statement.
Read more: New Era Helium nears public debut with SEC approval
Will Gray, Chairman and CEO of New Era Helium, said, “Our Nasdaq listing marks a significant moment in our corporate journey, enhancing our public profile within the industry, and broadening our reach to institutional investors in the AI datacentre, and helium markets.”
Founded in 2023, New Era Helium is an exploration and production company that operates over 215,000 acres in New Mexico, with over two billion cubic feet of helium reserves.
Last month, New Era Helium announced a non-binding joint venture with Sharon AI to build a 90MW Net Zero data centre in the Permian Basin. The facility be powered by sustainable energy, offsetting approximately 250,000 metric tonnes of CO2 annually with carbon capture technology.
Recourse：gasworld
