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Roth CH Acquisition ( (USCTF) ) has issued an update.
On January 28, 2025, Roth CH Acquisition Co. signed a Business Combination Agreement with SharonAI Inc., a move expected to create a leading specialized AI/HPC infrastructure platform. This merger is anticipated to significantly enhance SharonAI’s market presence in the AI and HPC industries, aligning with its strategic plans to expand its GPU compute resources and develop a 250MW Net Zero Energy Data Center in Texas. The transaction, facilitated through a series of mergers and the issuance of new shares, will result in SharonAI becoming a wholly-owned subsidiary of Roth CH, now to be renamed SharonAI Holdings, Inc. This strategic merger highlights the growing demand for AI and HPC solutions as corporations seek to leverage these technologies for cost reduction and productivity improvement. The transaction also involves a PIPE investment to support the merger, with Roth Capital Partners and Craig-Hallum Capital Group LLC acting as placement agents.
More about Roth CH Acquisition
Sharon AI, Inc. is a High-Performance Computing company focused on Artificial Intelligence, Cloud GPU Compute Infrastructure, and Data Storage. The company operates with a hybrid model deploying in Tier IV co-location data centers as well as designing and operating its own data center facilities. Sharon AI is a certified NVIDIA Cloud Partner, offering GPU Compute-as-a-Service and is set to expand its GPU offerings with the addition of NVIDIA H200’s in 2025.
YTD Price Performance: 1536.67%
Average Trading Volume: 5,374
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.91M
For detailed information about USCTF stock, go to TipRanks’ Stock Analysis page.