Tigo Energy, Inc. Announces $15 Million Registered Direct Offering to Support Growth and Corporate Initiatives
Tigo Energy, Inc. (Nasdaq: TYGO), a global leader in intelligent solar and energy software solutions, today announced that it has entered into definitive agreements with a select group of institutional investors for a registered direct offering of 5 million shares of its common stock at a price of $3.00 per share. The offering is expected to generate approximately $15 million in gross proceeds, before deducting fees payable to the placement agent and other related offering expenses. The transaction is anticipated to close on or about February 26, 2026, subject to the satisfaction of customary closing conditions.
This offering represents a strategic step by Tigo Energy to strengthen its financial position, provide additional capital for corporate and operational initiatives, and continue its mission of delivering advanced solar technology solutions to a growing global market. The net proceeds from this offering are intended to be used for general corporate purposes and working capital, providing the Company with flexibility to pursue strategic opportunities, enhance product development efforts, and expand its operational footprint in key markets worldwide.
Craig-Hallum Capital Group LLC is serving as the exclusive placement agent for the offering, overseeing the process and facilitating the transaction with institutional investors.
The securities being offered under this registered direct offering are being issued pursuant to a shelf registration statement on Form S-3, originally filed with the Securities and Exchange Commission (SEC) on September 9, 2024, and declared effective on September 17, 2024. A final prospectus supplement and the accompanying prospectus related to the offering will be filed with the SEC and will be publicly available for free on the SEC website at http://www.sec.gov. Interested parties may also obtain copies of the prospectus supplement and prospectus from Craig-Hallum Capital Group LLC, Equity Capital Markets, 323 North Washington Avenue, Suite 300, Minneapolis, MN 55401, by phone at (612) 334-6300 or via email at prospectus@chlm.com.
A Commitment to Strategic Growth and Operational Excellence
Since its founding in 2007, Tigo Energy has established itself as a global pioneer in solar module-level power electronics (MLPE) and intelligent energy management software. Over the past 19 years, the Company has continuously innovated, combining cutting-edge hardware technologies with intelligent software solutions to maximize energy production, enhance system safety, and reduce operating costs for residential, commercial, and utility-scale solar installations.
Tigo’s flagship Flex MLPE platform and solar optimizer technologies enable module-level monitoring and rapid shutdown functionality, addressing both performance optimization and critical safety requirements. These products have been widely adopted across diverse markets, from small-scale residential solar systems to large utility-scale solar farms, providing customers with unparalleled visibility and control over their energy systems.
In addition to its core MLPE solutions, Tigo Energy has expanded its product portfolio to include inverters and battery storage systems, addressing the growing demand for residential solar-plus-storage solutions. By integrating hardware and software, Tigo provides a complete energy management ecosystem, offering users the ability to monitor, analyze, and optimize energy generation and consumption in real-time. This combination of smart hardware and intelligent software positions Tigo as a key enabler of the global transition to renewable energy and sustainable power systems.
Importance of the Registered Direct Offering
The decision to pursue a registered direct offering of common stock reflects Tigo Energy’s proactive approach to maintaining a robust balance sheet and ensuring the Company has the necessary capital to execute its growth strategy. By raising approximately $15 million in gross proceeds, Tigo will enhance its financial flexibility, support ongoing product development programs, and reinforce its ability to respond to emerging market opportunities and technological trends.
Registered direct offerings provide companies with a streamlined mechanism to raise capital while allowing institutional investors to participate directly in the transaction. This method of financing is particularly advantageous for companies like Tigo Energy, as it facilitates quick access to funding, ensures transparency and regulatory compliance through the SEC registration process, and strengthens relationships with institutional investors who recognize the long-term potential of the Company’s technology and market position.
Tigo’s Market Leadership and Innovation
Tigo Energy has consistently demonstrated leadership in the solar technology sector through its focus on innovation, safety, and performance optimization. The Company’s MLPE solutions allow for module-level monitoring, enabling solar system operators to identify and address issues quickly, prevent energy losses, and enhance overall system efficiency. This level of precision and control is particularly valuable for commercial and utility-scale projects, where even small performance improvements can translate into substantial energy and cost savings.
Furthermore, Tigo’s software capabilities provide cloud-based monitoring, analytics, and control functions, allowing system operators and end-users to optimize energy production, monitor energy storage levels, and implement intelligent energy management strategies. By leveraging real-time data and predictive analytics, Tigo’s platform empowers users to make informed decisions, increase energy yield, and reduce operating costs, creating tangible value across the entire solar ecosystem.
The Company’s products also comply with critical safety standards, including code-required rapid shutdown, which enhances the safety of solar systems during maintenance or emergency situations. This commitment to safety and regulatory compliance has reinforced Tigo Energy’s reputation as a trusted partner for installers, system operators, and end-users across multiple geographies.
Strategic Opportunities and Growth Potential
The capital raised through this offering will position Tigo Energy to pursue several strategic initiatives. These may include expanding into new geographic markets, accelerating research and development efforts for next-generation MLPE and energy management technologies, and exploring partnerships with other solar and energy technology companies to broaden the Company’s product portfolio.
With the global solar market experiencing rapid growth driven by the increasing demand for renewable energy, supportive government policies, and declining costs of solar technology, Tigo Energy is well-positioned to capitalize on the expanding market opportunity. According to industry reports, global solar installations are expected to continue their strong growth trajectory, with increasing adoption of distributed energy systems, smart grid technologies, and energy storage solutions. Tigo’s integrated hardware and software solutions address these trends directly, providing the tools necessary for efficient, safe, and high-performing solar systems.
About Tigo Energy, Inc.
Tigo Energy, Inc., founded in 2007, is a leading global provider of intelligent solar and energy software solutions, offering a comprehensive portfolio of hardware and software products that enhance the safety, performance, and efficiency of solar energy systems. The Company’s innovative Flex MLPE platform, solar optimizers, inverters, and battery storage solutions allow residential, commercial, and utility-scale solar system operators to maximize energy yield, reduce operating costs, and meet code-required safety standards.
Tigo Energy combines advanced hardware with cloud-based software analytics to enable real-time monitoring, predictive maintenance, and intelligent energy management. The Company’s products are designed to meet the evolving needs of the renewable energy industry and provide customers with the tools to optimize their energy systems for performance, safety, and cost-effectiveness.
For more information about Tigo Energy and its products, visit www.tigoenergy.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements and involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Forward-looking statements are qualified in their entirety by reference to the risk factors and cautionary statements included in Tigo Energy’s filings with the SEC. Factors that may affect actual results include market conditions, product development timelines, competition, regulatory developments, and other risks discussed in the Company’s SEC filings. Tigo Energy disclaims any obligation to update these statements except as required by law.
