Tigo Energy combines business with acquisition company and goes public

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Roth CH Acquisition IV Co.announced that the business combination with Tigo Energy, a listed special purpose acquisition company, was completed on May 24.

The business integration was approved by ROCG shareholders at a special general meeting held on May 18, 2023 and officially completed today. The combined company will operate under the name “Tigo Energy, Inc.”. Led by Tigo’s senior management team, they will continue in their current roles. Commencing trading on May 24, 2023, Tigo’s common stock will trade on the Nasdaq under the ticker symbol “TYGO.”

“Completing the business integration with Roth CH IV is an extraordinary milestone for our company, employees and shareholders,” said Tigo CEO Zvi Alon. “We are accelerating our growth strategy by becoming a public company as we strive to meet the long-term growing demand for solar and energy storage solutions in the global residential, commercial and utility markets. We are grateful to Roth CH IV for their support through this transaction and appreciate our commitment to enhancing safety, increasing energy yields and reducing the operating costs of our customers’ solar systems. We look forward to continuing to advance our mission and look forward to further investments in our business as we strive to provide world-class products to the rapidly expanding market for solar and energy storage solutions. “

Additional details regarding the business combination are set forth in ROCG’s proxy/prospectus and supplement to the proxy/prospectus filed with the U.S. Securities and Exchange Commission on April 26, 2023 and May 19, 2023, respectively. increase.

White & Case LLP acted as legal advisor to Tigo and both DLA Piper LLP and Loeb & Loeb LLP acted as legal advisor to Roth CH IV.

News article from Tigo Energy

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