Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39795 RESERVOIR MEDIA, INC. (Exact name of registrant as specified in its charter) Delaware 83-3584204 (State or othe ...

Reservoir Media, Inc. (NASDAQ:RSVR) Q4 2022 Earnings Conference Call June 21, 2022 10:00 AM ET Company Participants Alec Buchmelter - Alpha IR Group Golnar Khosrowshahi - Founder and Chief Executive Officer Rell Lafargue - President, Chief Operating Officer Jim Heindlmeyer - Chief Financial Officer Conference Call Participants Alex Fuhrman - Craig-Hallum Marc Riddick - Sidoti Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Reservoir Media's Financial Re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 For the transition period from to Commission file number: 001-39795 (State or other jurisdiction of incorporation or organization) Delaware 83-3584204 (I.R.S. Employer Ide ...

| --- | --- | --- | --- | --- | |--------------|------------|--------------|------------------------------------------------|-------| | RESERVOIR | | | DECEMBER 2021 INVESTOR PRESENTATION TY CHARTES | LY 結 | | | | MIDDLE CHILD | | | | | | | | H U M | | JUSTINTIMBER | USHER YEAH | STRONGER | | | | | | | | | 2 DISCLAIMER Forward Looking Statements This presentation contains "forward-looking statements" for purposes of the safe harbor provisions under the U.S. Private securities litigation reform act of 1995, ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2022 was $30.4 million, representing a 45% increase year-over-year, including 15% organic growth [17][25] - Operating income grew by 49%, and adjusted EBITDA improved by 40% compared to the previous year [18][38] - Net income for Q2 2022 was $4.5 million, a 61% increase from the prior year, resulting in diluted earnings per share of $0.08 [39] Business Line Data and Key Metrics Changes - Music publishing generated $22.1 million in revenue, a 26% increase year-over-year, driven by strong digital and synchronization performance [27] - Recorded music revenue reached $8.1 million, a 149% increase, partly due to the acquisition of Tommy Boy, which contributed $3.6 million [31][32] - Digital revenue in the recorded music segment was $4.8 million, reflecting a 170% improvement year-over-year, while physical sales revenue increased to $2.5 million, a 207% rise [33] Market Data and Key Metrics Changes - The company noted a 67% increase in digital revenues across both business segments, supported by catalog acquisitions and growth in international markets [26] - The music industry is experiencing a significant increase in listening hours, with a reported 51% growth in time spent on subscription audio streaming services [13] Company Strategy and Development Direction - The company aims to become a leader in the independent music segment, supported by strong sector tailwinds and disciplined execution of growth initiatives [19] - Investments are being made in emerging markets, including a joint venture in China and the launch of ESMAA for music licensing in the UAE [49][51] - The company is focused on enhancing value through licensing music for various media, including films, television, and video games, with a notable organic growth rate of 15% [54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of performance revenue as international markets begin to rebound from the pandemic [66] - The company is evaluating over $1.5 billion in potential transactions, indicating a strong pipeline for future growth [86] - Management highlighted the importance of legislative actions that could expand earning power for creators, emphasizing a commitment to supporting artists [60] Other Important Information - The company reported total liquidity of nearly $52 million, providing flexibility for strategic objectives [41] - Total debt at the end of the quarter was $203.9 million, with net debt of $191.1 million, showing a slight decrease from the previous year [42] Q&A Session Summary Question: What is the long-term normalized level for performance revenue post-COVID? - Management indicated that performance revenue is expected to return to around 20% of overall revenue as international markets recover [66] Question: How do emerging markets factor into future growth? - Currently, emerging markets contribute about 1% to revenue, but there is significant potential for growth in these regions [87] Question: How is the integration of the Tommy Boy acquisition progressing? - Integration is reportedly ahead of schedule, with positive results in staffing and copyright ingestion [85] Question: What is the company's outlook on M&A and deal sourcing post-IPO? - The company has seen increased visibility and interest in structuring deals since going public, which is expected to enhance deal flow [79]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39795 RESERVOIR MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Part I. Financial Information [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed financial statements for Reservoir Media, Inc. as a blank check company prior to its business combination [Notes to Condensed Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Financial%20Statements) These notes detail the company's SPAC formation, business combination, and accounting for stock and warrant liabilities - The company was a blank check company formed to effect a business combination, consummating a merger with Reservoir Holdings, Inc. and renaming to Reservoir Media, Inc. on **July 28, 2021**, after the reporting period[18](index=18&type=chunk)[19](index=19&type=chunk) - In connection with the business combination, a PIPE investment of **$150.0 million** was completed, and holders of approximately **10.3 million** public shares exercised their redemption rights for an aggregate of **$103.0 million**[20](index=20&type=chunk)[21](index=21&type=chunk) - The company is an "emerging growth company" and has elected not to opt out of the extended transition period for new or revised financial accounting standards[32](index=32&type=chunk)[34](index=34&type=chunk) - Warrants are accounted for as liabilities and measured at fair value at each reporting period using a **Level 3 binomial lattice model**, with changes in fair value recognized in the statement of operations[41](index=41&type=chunk)[85](index=85&type=chunk) Change in Fair Value of Warrant Liabilities | | Amount | | :--- | :--- | | Fair value as of December 31, 2020 | $129,250 | | Change in valuation inputs or other assumptions | $233,750 | | **Fair value as of June 30, 2021** | **$363,000** | Condensed Balance Sheet Data (Unaudited) | | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $124,393 | $696,567 | | Cash and marketable securities held in Trust Account | $115,015,688 | $115,006,613 | | **Total Assets** | **$115,450,042** | **$116,099,067** | | **Liabilities & Equity** | | | | Total Liabilities | $660,117 | $212,904 | | Common stock subject to possible redemption | $115,000,000 | $110,886,160 | | Total Stockholders' Equity (Deficit) | ($210,075) | $5,000,003 | Condensed Statement of Operations (Unaudited) | | Three Months Ended June 30, 2021 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | | Operating and formation costs | $667,324 | $871,563 | | Loss from operations | ($667,324) | ($871,563) | | Change in fair value of warrant liabilities | ($184,250) | ($233,750) | | **Net loss** | **($848,707)** | **($1,096,238)** | | Basic and diluted net loss per share, Non-redeemable | ($0.24) | ($0.31) | Condensed Statement of Cash Flows (Unaudited) | | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | | Net loss | ($1,096,238) | ($85) | | Net cash used in operating activities | ($572,174) | ($310) | | **Net Change in Cash** | **($572,174)** | **($310)** | | Cash – Beginning | $696,567 | $25,000 | | **Cash – Ending** | **$124,393** | **$24,690** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section analyzes the company's financial condition and results, highlighting its pre-business combination SPAC status and net loss drivers - All company activities from inception (February 13, 2019) through June 30, 2021, were organizational, related to the IPO, and identifying and negotiating the business combination with Reservoir[93](index=93&type=chunk) Net Loss Summary | Period | Net Loss | Key Drivers | | :--- | :--- | :--- | | Three months ended June 30, 2021 | $848,707 | Operational costs ($667,324) and change in fair value of warrant liability ($184,250) | | Six months ended June 30, 2021 | $1,096,238 | Operational costs ($871,563) and change in fair value of warrant liability ($233,750) | - As of June 30, 2021, the company held **$115.0 million** in its Trust Account and had **$124,393** in cash for operating purposes[99](index=99&type=chunk)[100](index=100&type=chunk) - Critical accounting policies highlighted by management include the classification of common stock subject to possible redemption as temporary equity and the accounting for warrants as a liability measured at fair value[107](index=107&type=chunk)[108](index=108&type=chunk) [Quantitative and Qualitative Disclosures Regarding Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20Regarding%20Market%20Risk) The company reports minimal market risk exposure due to short-term investments in U.S. government securities - The company believes there is no material exposure to interest rate risk due to the short-term nature of its investments held in the trust account[113](index=113&type=chunk) [Controls and Procedures](index=31&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - Based on an evaluation, the principal executive officer and principal financial officer concluded that disclosure controls and procedures were **effective** as of June 30, 2021[115](index=115&type=chunk) - No changes in internal control over financial reporting occurred during the fiscal quarter that materially affected, or are reasonably likely to materially affect, internal controls[116](index=116&type=chunk) Part II. Other Information [Legal Proceedings](index=33&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings - The company has no legal proceedings to report[118](index=118&type=chunk) [Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, the company is not required to provide disclosures under this item - Disclosure under this item is not required as the company is a smaller reporting company[119](index=119&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=33&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no previously undisclosed unregistered sales of equity securities during the period - There have been no unregistered sales of equity securities during the three and six months ended June 30, 2021, that were not previously disclosed[120](index=120&type=chunk) [Defaults Upon Senior Securities](index=33&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - The company has no defaults upon senior securities to report[121](index=121&type=chunk) [Mine Safety Disclosures](index=33&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[122](index=122&type=chunk) [Other Information](index=33&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - The company has no other information to report for this item[123](index=123&type=chunk) [Exhibits](index=34&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed, including the Agreement and Plan of Merger and related agreements - Key exhibits filed include the **Agreement and Plan of Merger** with Reservoir Holdings, Inc., and forms of the Subscription Agreement for the PIPE Investment[126](index=126&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39795 Roth CH Acquisition II Co. (Exact Name of Registrant as Specified in Its Charter) Delaware 83-3584204 (State or oth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ________________ Commission file number: 001-39795 ROTH CH ACQUISITION II CO. (Exact name of registrant as specified in its charter) | Delaware | | 85-3584204 | | --- | --- | --- | | (State or other jurisdiction of | | (I.R.S. Employer Identification No.) | | incorporation or organization) ...