Tigo Energy sells patent portfolio for up to $17.95M; retains license

TIGO ENERGY, INC.

Total consideration up to $17.95M; $15M paid at initial closing, $2.95M holdback subject to conditions.
Holdback of up to $2.95M payable within 4 months upon satisfaction of conditions; if unmet, no payment and patents retained.
Seller (Tigo) receives non-exclusive perpetual grant-back license to practice the patents for its products.
Seller eligible for up to $5M in royalty payments from future licensing or assertion of the patents.

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