secwatch.observer — SEC 8-K summary
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Issuer:     TIGO ENERGY, INC. (TYGO)
CIK:        0001855447
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001213900-23-044099
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 5.06, 9.01, 5.02, 3.03, 5.01, 5.03, 5.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Tigo Energy completes SPAC merger; 58.1M shares out, lock-up through Nov 23
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- Merger closed May 23; Legacy Tigo shares converted at 0.233335; 58,144,543 shares outstanding.
- Directors/officers hold ~30.2% of post-combination shares; former SPAC holders ~3.1%.
- Lock-up: full restrictions until Nov 23, 2023; 5% tradable after 90 days; board released extra 3%.
- 1,945,251 SPAC shares redeemed at ~$10.40 per share before close.
- Historical Tigo financial statements for 2021-2022 and Q1 2023 included in the filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855447/000121390023044099/0001213900-23-044099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855447/000121390023044099/ea179362-8k_tigoenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-044099

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