Reservoir Holdings, an independent music company, went public via a merger with Roth CH Acquisition II, a publicly traded special purpose acquisition company, in a $788m deal. The transaction includes a fully committed PIPE of $150m from institutional investors, including Caledonia. "We are so happy with the result of the stockholder meeting and to close the business combination today. This represents an important milestone for our company as we become the first U.S.-based publicly traded independent music company and the first female founded and led publicly traded music company in the US," Golnar Khosrowshahi, Reservoir Holdings Founder and CEO.