Oil and gas SPAC ROC Energy Acquisition files for a $150 million IPO

ROC Energy Acquisition, a blank check company targeting the non-operated, upstream oil and gas sector in the US, filed on Tuesday with the SEC to raise up to $150 million in an initial public offering.

The Dallas, TX-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination. At the proposed deal size, ROC Energy Acquisition would command a market value of $195 million.

The company is led by Chairman Joseph Drysdale, a co-founder and Managing Partner of Fifth Partners, and CEO and Director Daniel Kimes, a Managing Director at Arch Energy Partners. The company plans to focus on the non-operated, upstream oil and gas sector in the US.

ROC Energy Acquisition was founded in 2021 and plans to list on the NYSE under the symbol ROC.U. The company filed confidentially on October 27, 2021. EarlyBirdCapital is the sole bookrunner on the deal.