Tigo Energy combines organization with acquisition firm and goes public
- Roth CH Acquisition IV Co., a publicly traded unique objective acquisition company, has actually revealed the completion of its service combination with Tigo Energy on May 24.
The Business Combination was approved by ROCG shareholders in an unique conference hung on May 18, 2023, and officially shut today. The combined company will run under the name "Tigo Energy, Inc." and will be led by Tigo's elderly management, who will continue to serve in their current roles. Commencing at the open of trading on May 24, 2023, Tigo's ordinary shares will trade on Nasdaq under the ticker symbol "TYGO.".
" Completing our business combination with Roth CH IV is an amazing landmark for our firm, our employees and also our stockholders," stated Tigo chief executive officer Zvi Alon. "As we aim to fulfill expanding long-term demand for solar and also energy storage space remedies throughout international household, business as well as energy markets, we believe that ending up being a public business enables us to accelerate our growth method. We value Roth CH IV's support throughout this deal as well as anticipate to continue progressing our mission to enhance security, increase energy return, and also lower operating expense of solar systems for our consumers. We anticipate further investing in our service as we make every effort to deliver first-rate products to the rapidly increasing solar as well as energy storage space remedies markets.".
Extra information on the business combination can be found in the proxy statement/prospectus and also the proxy statement/prospectus supplement submitted by ROCG with the United State Securities and also Exchange Commission on April 26, 2023, and also May 19, 2023, specifically.
White & Case LLP served as legal expert to Tigo as well as both DLA Piper LLP and also Loeb & Loeb LLP served as legal advisors to Roth CH IV.