Roth CH Acquisition IV to merge with Tigo Energy in $600M all-stock deal

TIGO ENERGY, INC.

Base purchase price of $600M, payable through 60M shares of Acquiror common stock at $10.00 per share.
Merger expected to close by June 30, 2023; subject to stockholder approvals, HSR clearance, and other conditions.
Sponsors agreed to vote in favor and waive redemption rights; lock-up of 6-12 months for Tigo holders and founders.
Company to advance up to $500,000 to sponsors for extension costs; termination fee of $3M payable by Tigo if insufficient trust funds.
Tigo Energy to become wholly-owned subsidiary of Roth CH Acquisition IV; combined entity to be named Tigo Energy, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TIGO ENERGY, INC. entered into Agreement and Plan of Merger with Roth CH Acquisition IV Co. valued at $600,000,000 (effective 2022-12-05).

Action: entry
Agreement: merger
Counterparty: Roth CH Acquisition IV Co.
Value: $600,000,000
Effective: 2022-12-05

Exact text from the filing

On December 5, 2022, Roth CH Acquisition IV Co., a Delaware corporation (“ Acquiror ”), entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the “ Merger Agreement ”), by and among Acquiror, Roth IV Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Acquiror (“ Merger Sub ”), and Tigo Energy, Inc., a Delaware corporation (the “ Company ”).

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TIGO ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-124948

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