New Era Helium is one step closer to becoming a publicly traded company, following approval from the US Securities and Exchange Commission (SEC) of its registration statement.
Described by New Era Helium’s CEO, Will Gray, as a significant milestone, the news preempts a final shareholder vote on the merger that will take place 26th November 2024.
Gray added, “We are pleased the SEC has declared effective the registration statement and that the proxy statement has been mailed.”
“This development brings us closer to realising our vision of becoming a publicly traded, leading helium exploration and production company in North America.”
The news follows New Era Helium earlier this year (January 2024) announcing plans to merge with publicly traded special purpose acquisition company Roth CH Acquisition as part of a signed definitive agreement.
Read more: New Era Helium to merge with Roth CH Acquisition
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.
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