secwatch.observer — SEC 8-K summary
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Issuer:     Reservoir Media, Inc. (RSVR)
CIK:        0001824403
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001104659-21-097058
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 2.01, 9.01, 3.02, 2.03, 3.03, 5.01, 5.02, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Reservoir Media completes SPAC merger with Reservoir Holdings; trades on Nasdaq
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- Closed merger with Reservoir Holdings; issued 44.7M shares to former Reservoir stockholders (~69.8% ownership).
- PIPE investment of $150M (15M shares at $10.00); redemptions of $103M for 10.3M ROCC shares.
- Entered $248.75M senior secured credit facility maturing Oct 2024; interest at LIBOR+2.25%.
- New board of 9 directors with three classes; Helima Croft appointed as Class I director.
- Common stock and warrants trade on Nasdaq under RSVR and RSVRW starting July 29, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824403/000110465921097058/0001104659-21-097058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824403/000110465921097058/tm2122538d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-097058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer