ROC Energy Acquisition Corp. announced that it has entered into a subscription agreement for a private placement of 2,560,396 common share to returning investor, ROC Energy Holdings, LLC at an issue price of $10.1 per share for gross proceeds of $25,859,999.6 and it has issued 2 promissory notes to new investor, Fp Spac 2, LLC for gross proceeds of $4,140,000, for total proceeds of $29,999,999.6 on March 30, 2023. The aggregate principal amount of the two promissory notes was $4,140,000.

The promissory notes will convert into 409,901 common shares at an issue price of $10.1 per share. The private placement were conducted in reliance on the exemption provided in Section 4(a)(2) of the Securities Act.