ROC Energy Acquisition Corp. (the "Company") announced that an affiliate of ROC Energy Holdings LLC (the "Sponsor"), has deposited an aggregate of $2,070,000 (representing $0.10 per public share) (the "Extension Payment") into the Company's trust account for its public stockholders. This deposit enables the Company to extend the date by which the Company has to complete its initial business combination from March 6, 2023 to June 6, 2023 (the "Extension"). The Extension is the second of two three-month extensions permitted under the Company's governing documents.
An affiliate of the Sponsor loaned the Extension Payment to the Company. The loan is non-interest bearing and convertible, at the lender's discretion, into units identical to the units issued in the Company's private placement that was consummated in connection with the Company's initial public offering.
