Oil and gas-focused SPAC ROC Energy Acquisition prices upsized $180 million IPO

ROC Energy Acquisition, a blank check company targeting the non-operated, upstream oil and gas sector in the US, raised $180 million by offering 18 million units at $10. The company offered 3 million more units than anticipated. 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. 

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 plans to list on the Nasdaq under the symbol ROCAU. EarlyBirdCapital acted as sole bookrunner on the deal.