Tigo Energy combines business with acquisition company and goes public
Roth CH Acquisition IV Co., a publicly traded special purpose acquisition company, announced the completion of its business combination with Tigo Energy on May 24.
The business combination was approved by ROCG shareholders at a special meeting held on May 18, 2023 and officially closed today. The combined company will operate under the name “Tigo Energy, Inc.” and will lead Tigo’s senior management, who will continue to serve in their current roles. Beginning at the open of trading on May 24, 2023, Tigo common stock will trade on the Nasdaq under the symbol “TYGO.”
“The completion of our business combination with Roth CH IV is an extraordinary milestone for our company, our employees and our shareholders,” said Tigo CEO Zvi Alon. “As we seek to meet the growing long-term demand for solar and energy storage solutions in the global residential, commercial and utility markets, we believe that becoming a public company enables us to accelerate our growth strategy. We appreciate Roth CH IV’s support throughout this transaction and look forward to continuing to advance our mission to increase the safety, energy efficiency and operating costs of solar systems for our customers. We look forward to further investment in our business as we strive to deliver world-class products to the rapidly expanding solar and energy storage solutions markets.”
Additional details regarding the business combination can be found in the proxy statement/prospectus and proxy statement/prospectus supplement filed by ROCG with the US Securities and Exchange Commission on April 26, 2023 and May 19, 2023.
White & Case LLP acted as legal counsel to Tigo, and DLA Piper LLP and Loeb & Loeb LLP acted as legal counsel to Roth CH IV.
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