As another trading day begins, investors are going to be looking into the companies that had come into focus the previous day, and this morning, the Roth CH Acquisition Co. (OTC Markets: USCTF) could be in focus. The company had come into focus in a big way after it made an announcement with regards to a business combination.
The Announcement
The company announced that it had inked a business combination agreement with the firm Sharon AI. The business combination would lead to the creation of a leading-edge specialized AI/HPC Cloud GPU Infrastructure Platform. It was a major new announcement from the company and one that could lead to significant traction for the stock. It remains to be seen if investors start tracking the Roth CH Acquisition Co stock in any major way this morning or not.
Further Details
In the news release, Roth CH Acquisition Co announced that Sharon AI was a certified NVIDIA Cloud Partner. The company further noted that its management shared the same excitement about the future of AI as the rest of the market. It was further stated that the AI team at Sharon boasted of unique skill sets in the realm of managing and building data centers.
Wolf Schubert, CEO of Sharon AI Inc., commented, “We are excited to announce our merger agreement with Roth CH Acquisition Co. as it brings a number of long-term strategic benefits to our business. Corporations increasingly recognize the potential for AI to reduce costs, boost productivity, and add to revenue growth, and we believe this will continue to drive strong demand for AI/HPC GPU compute resources, including specialized data center capacity. We will now focus our attention on continuing to expand our offering so we can meet the growing demand from our customers as well as developing our 250MW Net Zero Energy Data Center JV in Texas.”
