Roth CH Acquisition III Co
ROCR · 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 March 2021.
- What it's doing now
- It agreed to buy QualTek Services 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
- QualTek Services Inc. — Founded in 2012, QualTek is a leading technology-driven provider of infrastructure services to the 5G wireless, telecom, power grid modernization, and renewable energy sectors across the United States.
- 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
- 4 March 2021
- size not on file
- Headquarters
- 888 SAN CLEMENTE DRIVE, SUITE 400, NEWPORT BEACH, CA, 92660
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- PEARLMAN EMANUEL R (Director) · Carr Alan Jeffrey (Director) · McColgan Matthew J. (Chief Financial Officer)
- Listed securities
- ROCR 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.
- 4 March 2021IPOpassed
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.
- closedDeal structureSEC-primary — BCA 8-K / S-4 / DEFM14A
- PIPE
- ≈ $44M · unsourced
- Min-cash condition
- $110M
PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.
stated in:0001104659-22-007008
The score
deterministic, from filed fieldsROCR 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 III Co was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker ROCR. The company priced its initial public offering on March 4, 2021, under SEC file number 333-252044, with shares registered for cash in an S-1 filing dated January 12, 2021. Its prospectus, filed as a 424B4 on March 4, 2021, self-described the registrant as a blank-check company and listed SEC SIC industry code 1623 (Water, Sewer, Pipeline, Comm & Power Line Construction). The vehicle completed a business combination and no longer files, with its change in shell company status reported in an 8-K filed February 16, 2022; EDGAR now files the CIK under the name QualTek Services 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.
At 1,943,488 characters this is the largest document in the slice and almost all of it is an annual report already held under its own form - the wrapper is a few paragraphs. It does state one thing the 10-K does not: which securities are registered for resale and where they come from, including a Pre-PIPE note structure that converts through HoldCo units rather than through the listed share class. And it names the operative document twice over - a 10-K superseded by a 10-K/A four days later, both incorporated here.
Two consecutive years in which no executive earned a bonus because performance goals were missed is a blunt admission of underperformance, and it comes alongside a going-concern explanatory paragraph in the predecessor's audit report. For legacy Roth CH III holders who did not redeem, that combination points to an operating business struggling to meet its own targets with no trust protection remaining. The share count is also notable: Class B shares outstanding exceed Class A, so control sits outside the public float.
This is a blocker structure, in which the SPAC first acquires the entity that holds the target's units and only then reaches the target itself, so the shares a stockholder ends up with do not come from a single merger. The Schedule 14A fee table is also entirely empty — no securities, no per-unit price, no aggregate value, no fee, and no earlier filing named under 'Amount Previously Paid' — so this document supplies no transaction value of its own and none is inferred here.
The filing fee is calculated on ROCR's own 29,431,854 shares of common stock as of August 5, 2021 at $9.86, the average of the high and low prices reported on Nasdaq that day, giving a transaction value of $290,198,080.44 — so the number the fee rests on is the SPAC's own market value, not a price for the target. The three-step structure exists to unwind a blocker entity ahead of the operating merger, and all three steps are approved by a single Business Combination Proposal. The meeting date is left blank.
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 vs 2022-11-15going concern RESOLVED
going-concern doubt, sponsor loans outstanding, combination deadline1 moved · 2 with no prior record of ours
- Going-concern doubt
- statednot stated
- Sponsor loans outstanding
- not previously extracted$5.9M
- Combination deadline
- 2025-07-17not matched in this filing
SpacBrain reads this as the substantial-doubt sentence is in the previous filing and not in this one.
The clause …“than (i) $74,608,201.50, including, without limitation, $68,705,634.55 in outstanding principal amount of Prepetition Revolving Credit Loans, $5,902,566.50 of Letter of Credit Usage, plus accrued but unpaid interest, fees and per”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: PROSPECTUS SUPPLEMENT NO. 16 to a prospectus dated 14 February 2022 (registration 333-259069), filed by QUALTEK SERVICES INC. under the former Roth CH Acquisition III registration. It relates to the resale of up to 11,614,000 Class A shares - 6,937,500 issuable on exchange of QualTek HoldCo units and Class B stock underlying Pre-PIPE Notes, and 4,676,500 issued to PIPE investors at the business-combination closing. It exists to attach the company's Form 10-K of 28 April 2023 as amended by its 10-K/A of 2 May 2023. QTEK closed at $0.2496 on 2 May 2023. Why it matters: At 1,943,488 characters this is the largest document in the slice and almost all of it is an annual report already held under its own form - the wrapper is a few paragraphs. It does state one thing the 10-K does not: which securities are registered for resale and where they come from, including a Pre-PIPE note structure that converts through HoldCo units rather than through the listed share class. And it names the operative document twice over - a 10-K superseded by a 10-K/A four days later, both incorporated here.
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 0001104659-23-055668
Trading & liquidity
Company profile
Directors & officers
- PEARLMAN EMANUEL RDirector
- Carr Alan JeffreyDirector
- McColgan Matthew J.Chief Financial Officer
- Roberson Bruce EDirector
- WILLIAMS MICHAEL BRADLEYChief Business Officer
- Hernandez CieloDirector
- LAFOND DANIELDirector
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
4 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.
- Weinberg Andrew S.with 6 other reporting persons on the same schedule61.7% · SC 13DFeb 24, 2022 stale
- Fortress Investment Group LLCwith 12 other reporting persons on the same schedule10.0% · SC 13G/AFeb 10, 2023 stale
- SANDERS MORRIS HARRIS LLC6.6% · SC 13D/AMar 10, 2021 stale
- Weiss Asset Management LPwith 3 other reporting persons on the same schedule0.0% · SC 13G/AFeb 6, 2023 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
- QualTek LLC Upgraded To 'CCC+' On Emergence
S&P Globalundated by the source
- Telecom servicer QualTek enters bankruptcy to cut $307 mln debt
Reutersundated by the source
- QualTek Secures New Money Financing
Business Wireundated by the source
- QualTek Successfully Emerges from Chapter 11
Business Wireundated by the source
- QualTek Begins Trading on the NASDAQ Under the Symbol QTEK
PR Newswireundated by the source
- QualTek to Go Public in Merger with Roth CH Acquisition III Co. Providing Growth Capital to a Leading 5G and Renewables Infrastructure Services Provider
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
37 full SEC filing texts archived — searchable, never lost.
- Vault note — ROCR (Roth CH Acquisition III Co)
vault-note · /vault/tickers/ROCR
- Vault deal note — QualTek Services Inc. (ROCR)
vault-note · /vault/deals/qualtek-services-inc
- qualtekservices.com
company-site · qualtekservices.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 trail3 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 1623 (Water, Sewer, Pipeline, Comm & Power Line Construction). The screen found it by filing SHAPE instead — S-1 2021-01-12 → 8-A12B 2021-03-02 → 424B4 2021-03-04 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 1623 + self-described blank check in 424B4 0001104659-21-032204; 424B 0001104659-21-032204 priced 2021-03-04 under S-1 0001104659-21-003397 (file 333-252044, an offering for cash); common ticker ROCR off 10-Q 0001104659-21-075831 (2021-06-02); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-252044, which belongs to S-1 0001104659-21-003397 (2021-01-12) — 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 2021-03-04). Ending PROVEN, not inferred: CLOSED per 8-K 0001104659-22-024331 (2022-02-16) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,2.03,3.02,3.03,4.01,5.01,5.02,5.03,5.05,5.06,5.07,7.01). EDGAR now files this CIK as "QualTek Services 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 0001839412 records "Roth CH Acquisition III Co" ending 2022-02-14; the registrant continues as "QualTek Services Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2022-02-14. 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. [DEAL-STRUCTURE-MINED] pipeSizeM=44.4, minCashM=110 from primary filings (0001104659-22-007008).
pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow