QualTek Begins Trading on the NASDAQ Under the Symbol “QTEK”
Listing Follows Completion of Business Combination with Roth CH Acquisition III Co.
QualTek Services Inc., a leading turnkey provider of infrastructure services to the 5G wireless, telecom, and renewable energy sectors, announced that it has completed its business combination (the “Business Combination”) with Roth CH Acquisition III Co. (“Roth CH III” or “ROCR”). The transaction was approved at a Special Meeting of Stockholders of Roth CH III held on February 14, 2022.
On or about February 16, 2022, we anticipate that ROCR’s units will cease trading, and QualTek’s Class A common stock and warrants to purchase Class A common stock will begin trading on Nasdaq under the symbols “QTEK” and “QTEKW,” respectively.
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“We anticipate that our entry into the public markets will allow QualTek to capitalize on significant growth opportunities in the 5G wireless, telecommunications infrastructure, renewables, power grid modernization and recovery logistics industries,” said Scott Hisey, Chief Executive Officer of QualTek. “I would like to thank the entire QualTek team, as well as our partners at Roth CH III for their support and dedication throughout this process. We are very excited to begin our next chapter as a public company and will continue to enhance our technology-driven services and solutions. This transaction will assist QualTek in providing best-in-class solutions to all of our customers across the Telecom and Renewables and Recovery segments.”
QualTek, which will celebrate its 10th anniversary as an independent company this year, will continue to be led by Mr. Hisey, alongside the company’s senior management team. The company’s two-year backlog stands at $1.7B, including several new 5G telecommunications contracts for 2022 and beyond.
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