Tigo Energy repays $50M convertible note in full, eliminates Jan 2026 maturity

TIGO ENERGY, INC.

Paid $51.25 million to L1 Energy to satisfy $50M principal plus accrued interest.
Used cash on hand; no outstanding debt maturities remain after repayment.
CFO says repayment removes potential equity overhang and simplifies capital structure.
Convertible note originally issued Jan 2023 at 5.0% interest; was due Jan 2026.

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