Jimmy
SPAC Roth CH Acquisition IV (NASDAQ:ROCGU) has agreed to merge with solar energy options supplier Tigo Power by way of a deal that estimates Tigo’s pre-money fairness worth at about $600M.
The deal is predicted to generate gross income of $117M for the mixed firm, within the absence of redemption by Roth CH IV shareholders.
The merger is predicted to shut in Q2 2023. Shares of the mixed firm are set to be listed on Nasdaq beneath the image TYGO.
Based mostly in California, Tigo is a developer and supplier of sensible {hardware} and software program options for photo voltaic power programs. The corporate additionally provides inverters and battery storage programs for the residential photo voltaic power market.
Roth CH IV went public by way of an preliminary public providing in August 2021, elevating $115M.
