Brief: Tigo Energy Inc. To List On Nasdaq Through Business Combination With Roth CH Acquisition IV Co.

Tigo Energy

06/12/2022 14:08

Dec 6 (Reuters) - Roth CH Acquisition IV Co  ROCG.O :
    * TIGO ENERGY, INC. TO LIST ON NASDAQ THROUGH BUSINESS
COMBINATION
WITH ROTH CH ACQUISITION IV CO.
    * ROTH CH ACQUISITION IV CO- ROCG WILL ACQUIRE TIGO FOR A
PRE-MONEY EQUITY VALUE OF $600 MILLION
    * ROTH CH ACQUISITION IV - UPON CLOSING OF TRANSACTION,
COMBINED
COMPANY WILL BE NAMED "TIGO ENERGY, INC.
    * ROTH CH ACQUISITION IV CO - COMBINED CO EXPECTED TO LIST
ON
NASDAQ UNDER TICKER SYMBOL "TYGO"
    * ROTH CH ACQUISITION IV CO - ROCG WILL ACQUIRE TIGO FOR A
PRE-MONEY EQUITY VALUE OF $600 MILLION
    * ROTH CH ACQUISITION IV CO- IN CONNECTION WITH TRANSACTION,
ROCG
WILL ISSUE 60 MILLION NEWLY ISSUED SHARES TO CURRENT
STOCKHOLDERS OF TIGO
    * ROTH CH ACQUISITION IV CO- BOARDS OF DIRECTORS OF TIGO AND
ROCG
HAVE UNANIMOUSLY APPROVED TRANSACTION
    * ROTH CH ACQUISITION IV CO - TIGO CEO AND CHAIRMAN, ZVI
ALON,
WILL CONTINUE TO LEAD COMPANY ALONG WITH CURRENT MANAGEMENT TEAM
    * ROTH CH ACQUISITION IV CO - TIGO'S SENIOR MANAGEMENT WILL
CONTINUE TO SERVE IN THEIR CURRENT ROLES
    * ROTH CH ACQUISITION IV CO- UPON CLOSING OF TRANSACTION,
TIGO'S
SENIOR MANAGEMENT WILL CONTINUE TO SERVE IN THEIR CURRENT ROLES
    * ROTH CH ACQUISITION IV CO- CURRENT TIGO STOCKHOLDERS WILL
RETAIN
APPROXIMATELY 82% OF OWNERSHIP AT CLOSE OF COMPANY

Source text for Eikon:  ID:nBw6hwVcca 
Further company coverage:  ROCG.O 
 ((Reuters.Briefs@thomsonreuters.com;))