other material
confidence high
sentiment neutral
materiality 0.55
Roth CH Acquisition IV enters non-redemption pacts covering 1,631,811 shares to extend deal deadline to July 2023
TIGO ENERGY, INC.
- Non-redemption agreements with holders of 1,631,811 common shares to forgo redemption rights in connection with extension vote.
- Extension amendment would push business combination deadline from Feb 10, 2023 to July 10, 2023 in up to five monthly extensions.
- Holders receive $0.083/share after stockholder approval through Feb 10, 2023, then $0.05/share per monthly extension.
- Special meeting of stockholders scheduled for Dec 20, 2022 to vote on the extension amendment.
- No additional funds deposited into trust; condition that net tangible assets remain above $5,000,001 after redemptions.