Roth CH Acquisition II Co
ROCC · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC, listed on Nasdaq in December 2020.
- What it's doing now
- It agreed to buy Reservoir Media, Inc.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Reservoir Media, Inc. — Media, Inc.
- Industry
- the deal record does not name the target's industry yet
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 14 December 2020
- size not on file
- Headquarters
- 200 VARICK STREET, SUITE 801, NEW YORK, NY, 10014
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Rothstein Adam (Director) · Koss Jennifer G. (Director) · de Gelder Neil (Director)
- Listed securities
- ROCC common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 14 December 2020IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closed
What Reservoir Media, Inc. does — read from reservoir-media.com on 26 August 2026
Reservoir Media is a global independent music company based in New York City with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. Founded in 2007 as a family-owned music publisher, it is the first female-founded and led publicly traded independent music company in the U.S. The company represents countless copyrights and master recordings, holds a Top 10 U.S. Market Share according to Billboard’s Publishers Quarterly, and has won multiple industry awards including Publisher of the Year.
New York CityMUSIC PUBLISHINGRECORDED MUSICMANAGEMENTEMERGING MARKETSLICENSING
The score
deterministic, from filed fieldsROCC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Roth CH Acquisition II Co was a blank-check company that priced its initial public offering on December 14, 2020, under SEC file number 333-250937. The company's common stock traded on the Nasdaq Stock Market under the ticker ROCC, and it was classified under SEC SIC industry code 7900 for Services-Amusement & Recreation Services. The firm completed a business combination and ceased filing as a blank-check vehicle following an 8-K filed on July 28, 2021, which reported a change in shell company status. EDGAR now files the entity under SEC CIK 0001824403 as Reservoir Media, Inc.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
Interest expense is the whole result: $6.9 million against $5.4 million of operating income means the catalogue's operating profit does not cover the debt that bought it, and the loss is only that small because of a $925,853 swap gain and a $239,125 tax benefit. Cash halved in the quarter to $13.7 million while intangibles grew to $799.8 million, so the company is still buying catalogue with borrowed money on a balance sheet where 84% of assets are intangible.
On June 8, 2026 the board, on the committee's recommendation, unanimously approved the slate for the 2026 Annual Meeting: each current Class II director except Mr. Cook, plus a new nominee, Todd C. Harvey, age 61, subject to election by stockholders. No proxy materials had been filed when this was issued, so the meeting has no date, no record date and no vote threshold on the record yet; the company says it will file a definitive proxy statement before the meeting. What this filing fixes is the composition of the ballot ahead of that proxy, and nothing else.
The financing is committed and specific: investors have agreed to purchase ROCC common stock in a private placement at $10.00 per share for an aggregate commitment of $150,000,000, under subscription agreements whose funding conditions the filing says are generally aligned with the conditions in the merger agreement — so the PIPE should not fail for reasons the merger survives. The Business Combination Proposal is expressly conditional on both the Charter Proposal and the Nasdaq Proposal being approved, so the three stand or fall together.
The fee computation is unusually revealing about price: the shares are valued at $10.175, the Nasdaq high-low average on May 13, 2021, and the options at $4.955 — that price less a weighted average exercise price of $5.22. Alongside it sits a PIPE of $150,000,000 subscribed at $10.00 per share, below the market average used for the fee. The charter proposal raises the authorised common stock to 750,000,000 shares, authorises 75,000,000 preferred, and adds a two-thirds voting requirement.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
What changed: The document furnished as Exhibit 99.1 to this 8-K is an August 2026 investor presentation concerning Reservoir. The portion available consists entirely of front-matter legends — the forward-looking-statements caution, the non-GAAP disclosure about EBITDA and Adjusted EBITDA, the industry and market data disclaimer, the no-offer-or-solicitation notice and the trademarks notice. No operating, financial or transaction content from the presentation itself appears. Why it matters: Nothing about the company's position can be stated from what is present here; a summary of the deck's substance would be a summary of content that is not in the document. Routed to review.(flagged for human review)
What changed: Reservoir Media, Inc. (Nasdaq: RSVR) reported the results of its annual meeting held August 6, 2026, at which 65,814,328 shares were outstanding on the June 12, 2026 record date. Stockholders elected three Class II directors to terms expiring in 2029: Todd Harvey with 61,439,762 for and 110,511 withheld, Jennifer Koss with 60,354,515 for and 1,195,758 withheld, and Adam Rothstein with 61,198,174 for and 352,099 withheld, with 1,594,814 broker non-votes on each. Why it matters: Every item passed with over 96% support of votes cast and no proposal drew meaningful opposition. The auditor ratification confirms a March 31 fiscal year end, which is what makes the meeting date and the fiscal 2027 reference consistent.
What changed: 8-K of Reservoir Media, Inc. Item 2.02 (results of operations and financial condition): on August 4, 2026 the Company issued a press release announcing its condensed consolidated financial results for the quarter ended June 30, 2026, attached as Exhibit 99.1 and incorporated by reference. The Current Report and Exhibit 99.1 shall not be deemed filed for Section 18 purposes nor incorporated by reference into Securities Act or Exchange Act filings unless expressly stated. Exhibit 104 is the Inline XBRL cover page. Signed by CEO Golnar Khosrowshahi. Why it matters: Routine quarterly earnings furnishing by a post-combination operating company; the figures are only in Exhibit 99.1, not in this report.
What changed: Reservoir Media, Inc. reported three-month revenues of $41,482,053 against $37,164,293 a year earlier, with operating income roughly flat at $5,378,374 against $5,446,694 as costs rose to $36,103,679 from $31,717,599. Interest expense of $6,905,300 exceeded operating income, producing a net loss of $508,386, of which $93,111 is attributable to Reservoir Media after noncontrolling interests. Cash fell to $13,660,380 from $25,927,462 at March 31, 2026. Total assets were $948,887,975, including $799,847,481 of intangible assets. Why it matters: Interest expense is the whole result: $6.9 million against $5.4 million of operating income means the catalogue's operating profit does not cover the debt that bought it, and the loss is only that small because of a $925,853 swap gain and a $239,125 tax benefit. Cash halved in the quarter to $13.7 million while intangibles grew to $799.8 million, so the company is still buying catalogue with borrowed money on a balance sheet where 84% of assets are intangible.
What changed: Reservoir Media, Inc. (successor to SPAC Roth CH Acquisition II Co) called its 2026 annual meeting for August 6, 2026 at 12:00 p.m. ET as a virtual meeting, with the proxy dated June 26, 2026 and signed by chief executive Golnar Khosrowshahi. Pay-versus-performance disclosure shows fiscal 2026 net income of $7,826,515, PEO summary compensation of $1,594,984 against $1,881,343 actually paid, and a $100 initial investment worth $123.46. The common stock closed at $7.63 on March 31, 2025 and $9.79 on March 31, 2026. Why it matters: Routine annual governance with no residual SPAC trust, deadline or redemption mechanics. Reservoir is one of the rarer de-SPACs disclosing positive GAAP net income, $7.8 million in fiscal 2026, and the share price rose from $7.63 to $9.79 over the fiscal year, a 28% gain that lifted the $100 initial investment measure to $123.46. Executive compensation actually paid of $1.9 million against $7.8 million of net income is proportionate rather than the outsized equity grants common in the post-SPAC cohort.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B3 0001104659-22-086694
Trading & liquidity
Company profile
Directors & officers
- Rothstein AdamDirector
- Koss Jennifer G.Director
- de Gelder NeilDirector
- Harvey Todd ChristopherDirector
- Field Ezra S.Director
- Taylor Ryan P.Director
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
9 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Wesbild Inc.with 1 other reporting person on the same schedule44.8% · SC 13DAug 6, 2021 stale
- ER Reservoir LLCwith 6 other reporting persons on the same schedule21.2% · SC 13DJul 30, 2021 stale
- Irenic Capital Management LP8.1% · SC 13D/ASep 30, 2024 stale
- Roth Byronwith 4 other reporting persons on the same schedule4.4% · SC 13G/AFeb 14, 2022 stale
- Castle Creek Arbitrage, LLCwith 3 other reporting persons on the same schedule0.7% · SC 13G/AFeb 11, 2022 stale
- Caledonia (Private) Investments Pty Ltdwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2024 stale
- 683 Capital Management, LLCwith 3 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2022 stale
- Polar Asset Management Partners Inc.0.0% · SC 13G/AFeb 10, 2022 stale
- Feis Lawrence Michaelwith 1 other reporting person on the same schedule0.0% · SC 13GJul 28, 2021 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- securities and exchange commission
SEC EDGARundated by the source
- Reservoir Holdings, Inc., a Leading Independent Music ...
Business Wireundated by the source
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
34 full SEC filing texts archived — searchable, never lost.
- Vault note — ROCC (Roth CH Acquisition II Co)
vault-note · /vault/tickers/ROCC
- Vault deal note — Reservoir Media, Inc. (ROCC)
vault-note · /vault/deals/reservoir-media-inc
- Ihre Datenschutzeinstellungen
news · consent.yahoo.com
- Reservoir Media Management, Inc. Company Overview, Contact Details & Competitors | LeadIQ
news · leadiq.com
- Reservoir Media - Wikipedia
news · en.wikipedia.org
- Reservoir Media
company-site · reservoir-media.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7900 (Services-Amusement & Recreation Services). The screen found it by filing SHAPE instead — S-1 2020-11-24 → 8-A12B 2020-12-10 → 424B4 2020-12-14 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7900 + self-described blank check in 424B4 0001104659-20-135323; 424B 0001104659-20-135323 priced 2020-12-14 under S-1 0001104659-20-129078 (file 333-250937, an offering for cash); common ticker ROCC off 10-Q 0001104659-21-071089 (2021-05-24); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-250937, which belongs to S-1 0001104659-20-129078 (2020-11-24) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-12-14). Ending PROVEN, not inferred: CLOSED per 8-K 0001104659-21-097058 (2021-07-28) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,2.03,3.02,3.03,5.01,5.02,5.06,9.01). EDGAR now files this CIK as "Reservoir Media, Inc." — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
[CLOSED-RENAME] EDGAR CIK 0001824403 records "Roth CH Acquisition II Co" ending 2021-07-27; the registrant continues as "Reservoir Media, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-07-27. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists.