zimmytws
SPAC Roth CH Acquisition IV (NASDAQ:ROCGU) has agreed to merge with solar energy options supplier Tigo Vitality by way of a deal that estimates the pre-money fairness worth of Tigo at round $600M.
The deal is predicted to generate gross proceeds of $117M for the mixed firm, assuming no redemptions by Roth CH IV shareholders.
The merger is predicted to shut in Q2 2023. Shares of the mixed firm are slated to be listed on Nasdaq underneath the image of TYGO.
Primarily based in California, Tigo is a developer and supplier of sensible {hardware} and software program options for photo voltaic vitality methods. The corporate additionally presents inverters and battery storage methods for the residential photo voltaic vitality market.
Roth CH IV went public by way of an preliminary public providing in August 2021, elevating $115M.
