Reservoir Media, the fast growing music rights company that recently acquired the catalogs of members of Migos and Tommy Boy Records, has become a public company listing on NASDAQ. The company, whi…
with a $788 million valuation, confirmed the closing of its previously announced business combination with Roth CH Acquisition II Co. , a publicly traded special purpose acquisition company formed by Roth Capital Partners and Craig-Hallum Capital Group. Reservoir also announced the closing of its previously announced common stock PIPE of $150 million. The business combination was approved by ROCC’s stockholders at a special meeting of stockholders held on July 27, 2021.
CEO Golnar Khosrowshahi said, “Over the last 14 years, the Reservoir team has excelled at enhancing the value of our copyrights and recordings, while building a diverse and high-quality catalog and growing our roster. Our tremendous passion and skills have driven Reservoir to hold a regular Top 10 U.S. market share as reported by Billboard.
The company added in a statement to partners that the listing “represents an important milestone for our company as we become the first U.S.-based publicly traded independent music company and the first female founded and led publicly traded music company in the US”.
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