Tigo Energy, Inc. (Nasdaq: TYGO), which completed its combination with Roth CH Acquisition IV in May, announced this morning that it will be redeeming its outstanding public and private warrants for a redemption price of $0.01 per warrant. The warrants may be exercised by the holders until 5:00 p.m. New York City time on September 8, for an exercise price of $11.50 per share, payable in cash.
Under the terms of the warrant agreement, Tigo is entitled to redeem all of its outstanding warrants for $0.01 per warrant if the closing price of its common stock is at least $18 for any 20 out of 30 trading days. TYGO’s share price achieved that threshold following the market close on August 4.
Roth CH Acquisition IV announced its $600 million combination with Tigo in December 2022. Campbell, California-based Tigo manufacturers components that optimize and enhance safety for solar panel arrays, with installations on seven continents