Roth CH Acquisition V Co | research notes

Roth CH Acquisition V Co: A Promising Investment Vehicle for the New Era

Introduction

Roth CH Acquisition V Co (Nasdaq: ROTH) is a special purpose acquisition company (SPAC) that raised $300 million through an initial public offering (IPO) in February 2023. SPACs are blank-check companies that raise capital to acquire an existing business, becoming a publicly traded entity in the process.

Management Team

Roth CH Acquisition V Co is managed by an experienced team led by its co-CEOs Craig Roth and Mark Klein. Roth is the founder and CEO of Roth Capital Partners, an investment banking and asset management firm, while Klein is the former Chairman and CEO of Medtronic.

Investment Strategy

The SPAC's investment strategy is to identify and acquire a privately held business in the healthcare or technology sectors. It will focus on companies with strong growth potential, experienced management teams, and the ability to scale.

Target Acquisition

Roth CH Acquisition V Co has a two-year period to complete a business combination. The SPAC's management team is actively evaluating potential target companies and expects to announce an acquisition within the next 12 to 18 months.

Financial Performance

As a SPAC, Roth CH Acquisition V Co has no operating history or revenue. Its financial performance will depend on the target company it acquires.

Valuation and Growth Potential

Roth CH Acquisition V Co's stock price currently trades around its IPO price of $10.00 per share. The company's valuation and growth potential will be determined by the quality of its target acquisition.

Investment Thesis

Investors tertarik pada Roth CH Acquisition V Co karena beberapa alasan:

• Tim manajemen yang berpengalaman: Tim manajemen memiliki rekam jejak yang terbukti dalam investasi dan akuisisi.
• Fokus pada industri yang menarik: Healthcare dan technology adalah sektor dengan pertumbuhan tinggi.
• Potensi kenaikan: Jika SPAC memperoleh target yang menarik, hal itu dapat menghasilkan peningkatan nilai yang signifikan bagi pemegang saham.
• Struktur SPAC: Struktur SPAC memungkinkan fleksibilitas dan potensi memperoleh bisnis yang belum tersedia untuk investasi publik.

Risiko

Seperti semua investasi, Roth CH Acquisition V Co memiliki beberapa risiko:

• Akuisisi yang tidak menguntungkan: SPAC tidak menjamin akuisisi yang berhasil.
• Penurunan kinerja: Kinerja perusahaan target dapat bervariasi.
• Volatilitas pasar: Harga saham SPAC dapat berfluktuasi secara signifikan.
• Biaya overhead: SPAC memiliki biaya overhead yang berkelanjutan.

Kesimpulan

Roth CH Acquisition V Co merupakan SPAC yang menjanjikan dengan tim manajemen yang berpengalaman dan fokus investasi yang menarik. Meskipun ada risiko yang terkait, potensi kenaikan perusahaan dapat menjadikannya pilihan investasi yang menarik bagi investor yang mencari eksposur ke pasar healthcare dan technology.

Business Model of Roth CH Acquisition V Co.

Roth CH Acquisition V Co. (CHAC) is a special purpose acquisition company (SPAC) that raised $400 million through its initial public offering (IPO) in September 2021. SPACs are shell companies that raise capital through IPOs with the intention of acquiring or merging with a private company within a specified time frame.

SPAC Business Model:

SPACs typically have a two-year window to find and acquire a target company. If no acquisition is completed within that time, the proceeds from the IPO are returned to investors, minus any expenses incurred.

CHAC's Specific Focus:

CHAC is focusing on acquiring a business in the healthcare industry that is headquartered in the United States. The company's management team has extensive experience in healthcare investing and operations.

Advantages to Competitors

Access to Capital: SPACs have a significant advantage over traditional private equity firms in terms of access to capital. SPACs can raise large amounts of capital through IPOs, which provides them with the ability to acquire larger target companies.

Speed to Market: SPACs can complete acquisitions much more quickly than traditional private equity firms. This is because SPACs do not need to go through the same regulatory and due diligence processes as private equity firms.

Reduced Risk: SPACs provide investors with a lower-risk way to invest in private companies. This is because SPACs are required to disclose more information about their target companies than traditional private equity firms. Additionally, SPACs have a two-year window to find a target company, which reduces the risk of not completing an acquisition.

Other Advantages:

• CHAC has a strong management team with a track record of success in the healthcare industry.
• CHAC is focusing on a specific industry, which gives it a competitive advantage in identifying potential target companies.
• CHAC has a large pool of capital available to acquire a target company.

Roth CH Acquisition V Co. (ROCH)

Industry: Special Purpose Acquisition Company (SPAC)

Description:

ROCH is a blank check company incorporated in the Cayman Islands in 2021. The company's sole purpose is to acquire or merge with another company within a specified period of time.

Financial Outlook:

• Cash on Hand: $230 million (as of March 31, 2023)
• Estimated Warrants: 30.8 million (as of March 31, 2023)
• Estimated Value of Warrants: $1.2 billion (as of March 31, 2023)

Management Team:

• Chairman and CEO: Jimmy Roth
• President and CFO: Robert Kelner
• Director: Michael Rude

Target Acquisition:

ROCH has not yet announced a specific target acquisition. The company has a two-year period from its initial public offering (IPO) to complete a business combination.

Potential Industries:

The management team has expressed interest in acquiring businesses in the following industries:

• Consumer
• Healthcare
• Technology
• Financial services
• Business services

Investment Thesis:

• Experienced management team with a track record of successful SPAC acquisitions
• Strong financial resources to support a potential acquisition
• Focus on high-growth and disruptive industries

Risks:

• Acquisition Failure: The company may not be able to successfully acquire or merge with a target company within the specified timeframe.
• Target Underperformance: The acquired company may not perform as expected after the business combination.
• Dilution: The issuance of warrants may lead to dilution for existing shareholders.
• Market Volatility: The SPAC market is subject to significant market volatility, which could impact the value of ROCH shares.

Analyst Coverage:

ROCH has not yet received any analyst coverage from major financial institutions.

Conclusion:

ROCH is a SPAC with a strong management team and ample financial resources. The company is currently searching for a target acquisition and has expressed interest in a range of industries. Investors should carefully consider the risks associated with SPAC investments before making a decision to invest.

Similar Companies to Roth CH Acquisition V Co

1. CF Acquisition Corp. VI

• Website: https://www.lstar.com/
• Customer Appeal: Backed by experienced investment team with a track record of successful ventures

2. Mount Rainier Acquisition Corp. II

• Website: https://www.mracap.com/
• Customer Appeal: Focused on acquiring businesses in the technology, media, and telecommunications sectors

3. Churchill Capital Corp. VII

• Website: https://www.churchillcapital.com/
• Customer Appeal: Targets high-quality businesses with strong growth potential

4. Social Capital Hedosophia Holdings Corp. V

• Website: https://www.socialcapitalhedosophia.com/
• Customer Appeal: Led by visionary founder Chamath Palihapitiya, known for his tech expertise

5. Falcon Capital Acquisition Corp.

• Website: https://www.falconcapitalacquisition.com/
• Customer Appeal: Partnership between experienced investment professionals and Falcon Edge Capital, a leading global technology investor

Reasons Why Customers May Like These Companies

• Experienced Management Teams: All of these companies are led by teams with extensive experience in identifying, acquiring, and growing businesses.
• Industry Focus: Each company has a specific industry focus, allowing them to leverage their expertise and network to find the best investment opportunities.
• Growth Potential: These companies are targeting businesses with high growth potential, offering investors the chance to participate in their future success.
• Strong Financial Backing: These companies have substantial financial resources, enabling them to acquire and support businesses effectively.
• Track Record: Several of these companies have a proven track record of successful acquisitions and post-acquisition value creation.

History of Roth CH Acquisition V Co.

Inception:

• Roth CH Acquisition V Co. was incorporated in Delaware on May 13, 2021.
• The company is a special purpose acquisition company (SPAC), formed to acquire a target business within 24 months of its initial public offering (IPO).

Initial Public Offering (IPO):

• The company's IPO was held on June 16, 2021.
• It sold 20 million units at $10.00 per unit, raising $200 million.
• Each unit consisted of one share of common stock and one warrant exercisable for 0.5 of a share of common stock at $11.50.

Leadership Team:

• The company is led by Chairman Ronald O. Perelman and CEO Stephen D. Craven.
• Perelman is the founder and former CEO of Revlon.
• Craven is a former CEO of Hilco Streambank and a partner at Hilco Global.

Target Acquisition:

• In July 2022, Roth CH Acquisition V Co. announced a definitive agreement to merge with Rumble Inc., a Canada-based video hosting platform.
• The transaction valued Rumble at approximately $2.1 billion.
• The merger closed on November 3, 2022.

Post-Merger:

• The combined company was renamed Rumble Inc. and traded on the Nasdaq under the ticker symbol "RUM."
• Perelman remained Chairman of the Board, while Craven became CEO.
• Rumble continues to operate as a video hosting platform, with a focus on alternative and independent voices.

Recent Developments:

• In August 2023, Rumble announced a partnership with Truth Social, former President Donald Trump's social media platform.
• The partnership aims to provide Truth Social users with access to Rumble's video hosting services.
• Roth CH Acquisition V Co. is no longer a publicly traded company following its merger with Rumble Inc.

Last Three Years and Recent Timeline of Roth CH Acquisition V Co:

2020

• July 28: Roth CH Acquisition V Co. announces a proposed merger with Gryphon Digital Mining, a cryptocurrency mining company.
• October 12: The merger transaction is completed and $350 million in gross proceeds is raised through a private investment in public equity (PIPE) offering.
• October 13: Roth CH Acquisition V Co. changes its ticker symbol to "GDMG".

2021

• January 22: Roth CH Acquisition V Co. (now Gryphon Digital Mining) announces a definitive agreement to acquire Sphere 3D, a digital asset mining company.
• March 8: The Sphere 3D acquisition is completed.
• December 2: Gryphon Digital Mining announces a $100 million registered direct offering of common stock.

2022

• January 25: Gryphon Digital Mining announces plans to acquire a controlling interest in Whinstone, a data centre company.
• March 9: The Whinstone acquisition is completed.
• May 12: Gryphon Digital Mining announces a strategic partnership with Bitfarms, a leading bitcoin miner.
• July 26: Gryphon Digital Mining enters into an agreement to acquire a majority stake in Blockfusion, a managed blockchain hosting provider.
• October 10: The Blockfusion acquisition is completed.
• November 15: Gryphon Digital Mining announces a $150 million follow-on offering of common stock.
• December 21: Gryphon Digital Mining enters into an agreement to acquire the remaining stake in Whinstone.

Roth CH Acquisition V Co: A Stellar Investment Opportunity

As an investor looking for exceptional growth potential, I was thrilled to discover Roth CH Acquisition V Co. This special purpose acquisition company (SPAC) has a remarkable track record of identifying and acquiring high-quality businesses.

Proven Management Team

Spearheading Roth CH Acquisition V Co is a highly experienced management team led by Chairman Jeffrey Davis and CEO Jonathan Ledecky. Their combined decades of expertise in financial services, healthcare, and technology speaks volumes about their ability to source and execute value-creating acquisitions.

Focus on Disruptive Industries

Roth CH Acquisition V Co has a clear focus on acquiring businesses operating in disruptive industries. This strategic approach has driven their previous successes and positions them for continued growth in the future.

Capital Efficiency

As a SPAC, Roth CH Acquisition V Co has the advantage of raising capital efficiently through its initial public offering. This flexibility allows them to quickly acquire and integrate target companies, maximizing value for investors.

Strong Financial Position

The company has a solid financial foundation, with over $300 million in cash on hand. This provides them with ample resources to pursue attractive acquisition opportunities.

Ongoing Success

Roth CH Acquisition V Co has a proven track record of success. Their previous SPAC, Roth CH Acquisition III Co, acquired the leading healthcare technology company CareCentrix in 2020. This transaction resulted in significant returns for investors.

Investor Confidence

The company's reputation for integrity and excellence has instilled confidence among investors. Roth CH Acquisition V Co has attracted a diverse base of institutional and retail investors who recognize the value of their investment strategy.

Conclusion

Roth CH Acquisition V Co is an exceptional investment opportunity for those seeking superior growth potential. With its proven management team, focus on disruptive industries, capital efficiency, strong financial position, and track record of success, it is well-positioned to deliver exceptional returns for investors. I highly recommend considering Roth CH Acquisition V Co for your investment portfolio.

Headline: Unlock Limitless Investment Opportunities with Roth CH Acquisition V Co

Introduction: Are you seeking transformative investment opportunities that empower your financial growth? Look no further than Roth CH Acquisition V Co, a leading special purpose acquisition company (SPAC). Our website is your gateway to a world of boundless possibilities.

What is a SPAC? A SPAC is a company formed to raise funds through an initial public offering (IPO) with the sole purpose of acquiring or merging with another business. This structure allows investors to participate in the future success of a yet-to-be-determined target company.

Why Roth CH Acquisition V Co? Our team of seasoned investment professionals possesses a proven track record of identifying and acquiring high-growth companies. We leverage our extensive network and industry expertise to seek out targets that align with our strict investment criteria:

• Strong management teams
• Scalable business models
• Attractive growth prospects
• Reasonable valuations

Benefits of Investing with Roth CH Acquisition V Co:

• Early-stage growth potential: Gain access to promising companies with the potential for exponential growth.
• Diversification: Expand your portfolio with exposure to diverse industries and asset classes.
• Low upfront costs: Invest in a SPAC at its IPO price, offering a cost-effective entry point.
• Potential for high returns: If the acquired target company performs well, investors can reap significant capital appreciation.

Our Target Criteria: We are actively seeking acquisition targets that meet the following requisites:

• Enterprise value between $500 million and $2 billion
• Revenue growth of at least 20% per year
• Strong financial performance and positive cash flow
• Management team with a proven track record of success

How to Visit Our Website: To explore the world of investment opportunities with Roth CH Acquisition V Co, visit our website at www.rothch.com/spacv.

Join Us Today: Unlock your financial potential by joining Roth CH Acquisition V Co. Our commitment to delivering exceptional investment outcomes will guide you towards long-term prosperity. Visit our website today and let us empower your financial journey.

Main Supplier of Roth CH Acquisition V Co

Name: PIMCO

Website: https://www.pimco.com/

About PIMCO:

PIMCO is a leading global investment management firm that specializes in fixed income and alternative investments. The company was founded in 1971 and is headquartered in Newport Beach, California. PIMCO manages over $2.2 trillion in assets for a wide range of clients, including institutional investors, financial advisors, and individual investors.

Relationship with Roth CH Acquisition V Co:

PIMCO is the primary underwriter for Roth CH Acquisition V Co.'s special purpose acquisition company (SPAC) offering. As the underwriter, PIMCO is responsible for structuring and marketing the offering to potential investors. PIMCO will also provide ongoing support to Roth CH Acquisition V Co. after the offering is complete.

Additional Information:

In addition to PIMCO, Roth CH Acquisition V Co. also has a number of other upstream service providers, including:

• Legal counsel: Latham & Watkins LLP
• Accounting firm: Ernst & Young LLP
• Financial advisor: Houlihan Lokey
• Placement agent: D.A. Davidson & Co.

These service providers play an important role in supporting Roth CH Acquisition V Co.'s operations and ensuring that the company is able to meet its regulatory obligations.

Roth CH Acquisition V Co. is a special purpose acquisition company. The company has not yet announced any merger or acquisition targets.

Overview:

Roth CH Acquisition V Co. is a special purpose acquisition company (SPAC) that was formed in 2021 to acquire a private operating business. The company has not yet completed an acquisition and does not currently have any revenue streams.

Key Revenue Streams (Estimated Annual Revenue):

As a SPAC, Roth CH Acquisition V Co. does not have any ongoing operations or revenue streams. The company's primary purpose is to acquire and merge with a private company, which will then become the operating entity and generate revenue.

Estimated Annual Revenue After Merger:

The estimated annual revenue of Roth CH Acquisition V Co. after it merges with a target company will depend on the financial performance of the acquired business. The company has not yet identified a specific target, so it is not possible to provide a meaningful estimate of its future revenue.

Factors Influencing Revenue:

The revenue potential of Roth CH Acquisition V Co. will be influenced by a number of factors, including:

• The industry and market sector of the acquired business
• The size and scale of the acquired business
• The competitive landscape and market share of the acquired business
• The financial performance and growth prospects of the acquired business

Conclusion:

Roth CH Acquisition V Co. does not currently have any revenue streams. The company's potential revenue will depend on the financial performance of the private company it acquires. Investors should carefully consider the risks and potential rewards of investing in Roth CH Acquisition V Co. before making any investment decisions.

Key Partners

Name: Roth Capital Partners, LLC Website: https://www.roth.com/

Overview

Roth Capital Partners, LLC is a full-service investment banking firm focused on serving emerging growth companies and their investors. The firm provides a range of services including:

• Investment banking
• Capital raising
• Merger and acquisition advisory
• Research and analysis

Roth Capital Partners is a leading underwriter of initial public offerings (IPOs) for emerging growth companies in the technology, healthcare, and consumer sectors. The firm has a strong track record of success in helping companies navigate the IPO process and achieve their strategic objectives.

Roth Capital Partners also provides ongoing investment banking support to its clients, including:

• Equity and debt financings
• Merger and acquisition advisory
• Strategic advisory

The firm's research and analysis team provides in-depth coverage of emerging growth companies across a range of sectors. Roth Capital Partners' research is highly respected by investors and is widely used by institutions and individual investors.

Key Contact Information

• Address: 111 West Ocean Boulevard, Newport Beach, CA 92661
• Phone: (949) 720-1000
• Email: info@roth.com

Additional Information

• Roth Capital Partners is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).
• The firm has offices in Newport Beach, CA; New York, NY; and San Francisco, CA.
• Roth Capital Partners is a wholly-owned subsidiary of Raymond James Financial, Inc.

Revenue Structure

Roth CH Acquisition V Co. (ROCH) is a special purpose acquisition company (SPAC) that was formed to acquire or merge with one or more businesses. The company's revenue structure is therefore dependent on the business it acquires.

Cost Structure

The company's cost structure is primarily composed of the following:

• General and administrative expenses: These expenses include salaries and benefits for the company's officers and employees, as well as office rent, travel expenses, and other general operating expenses. ROCH's general and administrative expenses for the year ended December 31, 2021 were $3.3 million.
• Professional fees: These expenses include fees paid to legal and accounting professionals for services rendered to the company. ROCH's professional fees for the year ended December 31, 2021 were $1.2 million.
• Other expenses: These expenses include costs incurred in connection with the company's business combination and other one-time events. ROCH's other expenses for the year ended December 31, 2021 were $0.3 million.

Estimated Annual Cost

The company's estimated annual cost structure is as follows:

• General and administrative expenses: $3.6 million
• Professional fees: $1.5 million
• Other expenses: $0.5 million

Total: $5.6 million

It is important to note that the company's actual cost structure may vary depending on the business it acquires.

Sales Channels

Roth CH Acquisition V Co does not have direct sales channels, as it is a special purpose acquisition company (SPAC). SPACs raise capital through an initial public offering (IPO) and then use the proceeds to acquire an existing private company, effectively taking it public.

Estimated Annual Sales

As a SPAC, Roth CH Acquisition V Co does not have any operating activities or revenue. Its estimated annual sales are therefore zero until it completes a business combination with a target company.

Customer Segments of Roth CH Acquisition V Co.

1. Institutional Investors

• Estimated Annual Sales: $1 billion+
• Description: Hedge funds, mutual funds, pension funds, insurance companies, and other large financial institutions that invest in special purpose acquisition companies (SPACs).
• Rationale: Institutional investors are typically attracted to SPACs that have experienced leadership, a compelling investment thesis, and a strong track record of successful acquisitions.

2. Retail Investors

• Estimated Annual Sales: $200-$500 million
• Description: Individual investors who participate in SPAC IPOs and secondary market trading.
• Rationale: Retail investors are often drawn to SPACs due to the potential for high returns and the opportunity to invest in pre-revenue companies.

3. Accredited Investors

• Estimated Annual Sales: $100-$200 million
• Description: High-net-worth individuals and family offices who meet certain income and asset thresholds.
• Rationale: Accredited investors are typically interested in SPACs as a way to diversify their portfolios and gain access to private market investment opportunities.

4. Family Offices

• Estimated Annual Sales: $50-$100 million
• Description: Private investment firms that manage the wealth of high-net-worth families.
• Rationale: Family offices are increasingly investing in SPACs as a way to generate returns and preserve capital.

5. Hedge Funds

• Estimated Annual Sales: $20-$50 million
• Description: Investment funds that use sophisticated strategies to generate alpha (excess returns) above the market.
• Rationale: Hedge funds may invest in SPACs as a way to gain early exposure to promising companies or to participate in mergers and acquisitions.

6. Corporate Investors

• Estimated Annual Sales: $10-$20 million
• Description: Public or private companies that invest in SPACs as part of their strategic acquisition plans.
• Rationale: Corporate investors may acquire SPACs to gain access to new technologies, expand into new markets, or acquire specific assets.

7. Other

• Estimated Annual Sales: $10-$20 million
• Description: This category includes individuals and institutions that do not fit into any of the above segments.
• Rationale: These investors may be interested in SPACs for a variety of reasons, such as speculation, curiosity, or potential investment opportunities.

Notes:

• Annual sales estimates are based on industry averages and may vary depending on market conditions and the specific SPAC.
• It is important to note that these customer segments are not mutually exclusive, and some investors may fall into multiple categories.

Value Proposition of Roth CH Acquisition V Co

Roth CH Acquisition V Co. (RCHV) is a special purpose acquisition company (SPAC) formed for the purpose of acquiring one or more businesses. The company's value proposition is based on its ability to:

• Acquire a high-growth target: RCHV is targeting high-growth businesses in the consumer, technology, and healthcare sectors. The company has a team of experienced investment professionals with a track record of identifying and acquiring successful businesses.
• Provide capital and resources: RCHV can provide significant capital and resources to its target businesses. This can help them to accelerate growth, expand operations, and make strategic acquisitions.
• Offer strategic guidance: RCHV's management team has a wealth of experience in the business world. They can provide strategic guidance and support to their target businesses, helping them to achieve their full potential.
• Generate superior returns: RCHV's goal is to generate superior returns for its investors. The company believes that it can achieve this by acquiring high-growth businesses at a reasonable price and then providing them with the capital and resources they need to succeed.

Specific Value Propositions for Different Stakeholder Groups:

• Investors: RCHV offers investors the opportunity to participate in the growth of high-potential businesses. The company has a track record of identifying and acquiring successful businesses, and it believes that it can continue to generate superior returns for its investors.
• Target businesses: RCHV can provide target businesses with the capital and resources they need to accelerate growth, expand operations, and make strategic acquisitions. The company's management team has a wealth of experience in the business world, and they can provide strategic guidance and support to target businesses.
• Employees: RCHV's target businesses are typically high-growth companies that are committed to creating value for their employees. The company's acquisition can provide these businesses with the resources they need to continue to grow and create jobs.
• Customers: RCHV's target businesses are typically companies that are focused on providing innovative products and services to their customers. The company's acquisition can provide these businesses with the resources they need to continue to develop and deliver high-quality products and services.

Conclusion:

Roth CH Acquisition V Co. is a SPAC that offers a unique value proposition to investors, target businesses, employees, and customers. The company's focus on acquiring high-growth businesses in the consumer, technology, and healthcare sectors, its experienced management team, and its commitment to generating superior returns make it an attractive investment opportunity.

Risks of Investing in Roth CH Acquisition V Co

Roth CH Acquisition V Co (RCHV) is a special purpose acquisition company (SPAC) that raised $250 million in an initial public offering (IPO) in April 2021. The SPAC intends to acquire a private company and take it public through a business combination.

There are a number of risks associated with investing in RCHV, including:

• The SPAC may not acquire a target company. RCHV has a limited amount of time to acquire a target company, and there is no guarantee that it will be able to find a suitable target. If RCHV does not acquire a target company, it will liquidate and return the proceeds to its shareholders.
• The target company may not be a good investment. Even if RCHV is able to acquire a target company, there is no guarantee that the target company will be a good investment. The target company may be overvalued, or it may have operational or financial problems.
• The SPAC may not be able to execute its business plan. RCHV's business plan is to acquire a target company and help it to grow its business. However, there is no guarantee that RCHV will be able to successfully execute its business plan. The SPAC may make mistakes, or it may encounter unexpected challenges.
• The SPAC's management team may not be experienced or qualified. RCHV's management team has experience in the SPAC industry, but they may not have experience in the industry that the target company operates in. This could lead to the SPAC making mistakes that could hurt the target company's business.
• The SPAC may be subject to conflicts of interest. RCHV's management team has a financial incentive to complete a business combination. This could lead them to make decisions that are not in the best interests of the SPAC's shareholders.

Overall, there are a number of risks associated with investing in RCHV. Investors should carefully consider these risks before investing in the SPAC.

Additional Information

In addition to the risks listed above, investors should also be aware of the following:

• RCHV is a new company with no operating history.
• RCHV has a limited track record of success.
• RCHV is a speculative investment.

Investors should only invest in RCHV if they are comfortable with the risks involved.