Tigo Energy(TYGO)

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Tigo Energy(TYGO) - 2024 Q1 - Quarterly Report
2024-05-14 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40710 Tigo Energy, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 83-3583873 (State or other ju ...
Tigo Energy(TYGO) - 2023 Q4 - Annual Report
2024-03-21 20:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40710 Tigo Energy, Inc. (Exact name of Registrant as specified in its Charter) Delaware 83-3583873 (State or other jurisdiction of in ...
Tigo Energy(TYGO) - 2023 Q4 - Earnings Call Transcript
2024-02-14 05:31
Tigo Energy, Inc. (NASDAQ:TYGO) Q4 2023 Results Earnings Conference Call February 14, 2024 4:30 PM ET Company Participants Zvi Alon - Chairman and Chief Executive Officer Bill Roeschlein - Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners Eric Stine - Craig-Hallum Capital Group Gus Richard - Northland Capital Markets Operator Good afternoon and welcome to Tigo Energy's Fiscal Fourth Quarter and Full-Year 2023 Earnings Conference Call. At this time, all participants are ...
Tigo Energy(TYGO) - 2023 Q3 - Quarterly Report
2023-11-07 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40710 Tigo Energy, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 83-3583873 (State or othe ...
Tigo Energy(TYGO) - 2023 Q2 - Quarterly Report
2023-08-11 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ROTH CH ACQUISITION IV CO. 888 San Clemente Drive, Suite 400 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40710 Tigo Energy, Inc. (Exact Name of Registrant as Spec ...
Tigo Energy(TYGO) - 2023 Q1 - Quarterly Report
2023-05-12 21:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40710 ROTH CH ACQUISITION IV CO. (Exact name of registrant as specified in its charter) (Address of principal executive off ...
Tigo Energy(TYGO) - 2022 Q4 - Annual Report
2023-03-31 20:31
IPO and Trust Account - The Company completed its Initial Public Offering (IPO) on August 10, 2021, raising gross proceeds of $115.0 million from the sale of 11,500,000 units at an offering price of $10.00 per unit[11]. - A total of $116,725,000 was placed in a Trust Account, invested only in U.S. government securities, with a maturity of 185 days or less[13]. - The company intends to use cash from the IPO proceeds and private placements, along with potential new debt, for the initial business combination[38]. - Funds in the trust account have been held only in U.S. government treasury obligations or money market funds, with plans to liquidate these securities by August 5, 2023[88]. - The trust account may be subject to claims from creditors, which could reduce the per share redemption amount below $10.15[76]. - If the initial business combination is not completed within the required time period, public stockholders may receive approximately $10.15 per share upon liquidation[86]. - The company intends to hold funds in cash after liquidating securities in the trust account, which may reduce the amount available for public stockholders upon redemption or liquidation[90]. Business Combination and Strategy - The Company has until July 10, 2023, to complete its initial business combination; otherwise, it will redeem 100% of the outstanding public shares, amounting to approximately $93.4 million[14][24]. - The initial business combination must involve a target business with a fair market value of at least 80% of the trust account value, excluding taxes payable[47]. - The company may seek additional funds through private offerings of debt or equity securities in connection with the business combination[41]. - The target business candidates will be sourced from various unaffiliated sources, including investment bankers and private equity groups[42]. - The company is not prohibited from pursuing a business combination with an affiliated company, provided an independent valuation opinion is obtained[43]. - The company will conduct thorough due diligence on prospective target businesses, including financial reviews and management assessments[45]. - The management team aims to leverage its network to identify underperforming companies that could benefit from capital and strategic insight[28]. - The Company has identified business services, consumer, healthcare, technology, wellness, and sustainability sectors as target industries for potential acquisitions[10]. - The company has a disciplined strategy to generate attractive returns and create value for stockholders through effective management and operational improvements[26]. Merger Agreement - The Company entered into a Merger Agreement with Tigo Energy on December 5, 2022, which will result in Tigo Energy becoming a wholly owned subsidiary upon completion[16]. - The Merger Agreement includes a provision for the Sponsors to sell 1,645,000 shares of Common Stock and 424,000 Private Units to Tigo Energy for $2,300,000[19]. - The base purchase price for the merger with Tigo Energy is set at $600 million, payable through converting each outstanding share of Tigo Energy's common stock into the right to receive 60 million shares of the company's common stock[110]. - The base purchase price is subject to adjustment based on Tigo Energy's pre-money valuation, with increases if the valuation exceeds $500 million and decreases if it falls below that threshold[111]. Financial Performance - For the year ended December 31, 2022, the company reported a net loss of $178,218, a decrease from a net loss of $402,542 in 2021, reflecting a reduction of approximately 56%[114][119]. - Cash used in operating activities for the year ended December 31, 2022, was $865,669, compared to $463,981 in 2021, indicating an increase of approximately 86%[118][119]. - As of December 31, 2022, the company had cash held in the Trust Account amounting to $24,678,170, including approximately $538,943 of interest income[120]. - The company has not generated any revenues to date and does not expect to do so until after the completion of the business combination[113]. Governance and Management - The company has a history of raising over $75 billion for small-cap companies under the leadership of its Co-Chief Executive Officer[158]. - The Co-Chief Executive Officer has over 17 years of investment banking experience and has completed over 200 equity, convertible, and debt offerings[159]. - The Co-President has managed over 300 equity offerings and M&A transactions since joining the company[163]. - The board of directors consists of six directors, with independent directors including Molly Montgomery, Daniel M. Friedberg, Adam Rothstein, and Sam Chawla[176]. - The audit committee and compensation committee of the board are required to be comprised solely of independent directors as per Nasdaq rules[177]. - The company has established a code of conduct and ethics applicable to all executive officers, directors, and employees[189]. - The compensation committee is responsible for reviewing and approving the compensation of executive officers and has the authority to implement incentive compensation plans[195]. - The audit committee is tasked with monitoring the independence of the independent auditor and reviewing all related-party transactions[180][185]. Risks and Compliance - There is a risk that the initial business combination may be subject to U.S. foreign investment regulations, potentially limiting the pool of target businesses[80]. - The company has not independently verified the financial capability of initial stockholders to satisfy indemnity obligations related to claims against the trust account[72]. - If the company fails to comply with Delaware General Corporation Law procedures, stockholders could be liable for claims against the trust account[71]. - The company may face intense competition from other entities with similar business objectives, which could hinder its ability to negotiate a successful business combination[78]. - As of December 31, 2022, the company concluded that its disclosure controls and procedures were not effective due to material weaknesses in internal control over financial reporting[146]. - Management intends to implement remediation steps to improve disclosure controls and procedures, including enhancing the review process for complex securities[147]. - The company has identified the need for additional staff with requisite experience to improve accounting processes[149]. - Management assessed the effectiveness of internal control over financial reporting and determined it was not effective as of December 31, 2022[151].
Tigo Energy(TYGO) - 2022 Q3 - Quarterly Report
2022-11-14 21:26
(MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40710 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Roth CH Acquisition IV Co. (Exact name of registrant as specified in its charter) | Delaware | 83-3583 ...
Tigo Energy(TYGO) - 2022 Q2 - Quarterly Report
2022-08-12 22:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Table of Contents (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40710 Roth CH Acquisition IV Co. (Exact name of registrant as specified in its charter) Delaware 83-3583873 (Stat ...
Tigo Energy(TYGO) - 2022 Q1 - Quarterly Report
2022-05-13 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Table of Contents ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40710 Roth CH Acquisition IV Co. (Exact name of registrant as specified in its charter) (State or other jurisdic ...