UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant |
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Filed by a Party other than the Registrant |
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Check the appropriate box:
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Under Rule 14a-12 |
Tigo Energy, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check all boxes that apply): |
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No fee required. |
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Fee computed previously with preliminary materials |
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
EXPLANATORY NOTE
On April 5, 2024, Tigo Energy, Inc. (the “Company,” “we,” “us” and “our”) filed its Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) for the Company’s 2024 Annual Meeting of Stockholders with the Securities and Exchange Commission (the “SEC”). The Proxy Statement was filed in connection with the Company’s 2024 Annual Meeting of Stockholders to be held on May 20, 2024 (the “Annual Meeting”). This supplement to the Proxy Statement (the “Proxy Statement Supplement”) is being filed to correct the Security Ownership of Certain Beneficial Owners and Management table beginning on page 20 of the Proxy Statement. This table inadvertently omitted certain shares of Common Stock beneficially owned by two directors and one of the executive officers included in the group of all directors and executive officers when originally filed with the SEC and this filing corrects such omissions. Other than the corrections to the Security Ownership of Certain Beneficial Owners and Management table, no other changes have been made to the Proxy Statement. Capitalized terms used but not otherwise defined in this Proxy Statement Supplement have the meanings ascribed to them in the Proxy Statement. This supplement should be read together with the Proxy Statement.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table shows information with respect to the beneficial ownership of our Common Stock as of March 25, 2024, the Record Date, for:
As of March 25, 2024 there were 60,358,166 shares of our Common Stock outstanding. Except as indicated by footnote and subject to community property laws where applicable, to our knowledge, the persons named in the table below have sole voting and investment power with respect to all shares of Common Stock shown as beneficially owned by them:
The amounts and percentages of shares beneficially owned are reported on the basis of SEC regulations governing the determination of beneficial ownership of securities. Under SEC rules, a person is deemed to be a “beneficial owner” of a security if that person has or shares voting power or investment power, which includes the power to dispose of or to direct the disposition of such security. A person is also deemed to be a beneficial owner of any securities of which that person has a right to acquire beneficial ownership within 60 days. Securities that can be so acquired are deemed to be outstanding for purposes of computing such person’s ownership percentage, but not for purposes of computing any other person’s percentage. Under these rules, more than one person may be deemed to be a beneficial owner of the same securities and a person may be deemed to be a beneficial owner of securities as to which such person has no economic interest.
NAME OF BENEFICIAL OWNER |
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NUMBER OF SHARES |
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% OF |
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DIRECTORS, DIRECTOR NOMINEES, NAMED EXECUTIVE OFFICERS AND 5% STOCKHOLDERS(1) |
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Zvi Alon(2) |
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15,597,252 |
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25.5 |
% |
Bill Roeschlein(3) |
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125,474 |
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* |
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Jeffrey Sullivan(4) |
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12,047 |
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* |
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Tomer Babai(5) |
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32,669 |
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* |
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Joan C. Conley(5) |
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102,674 |
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* |
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Sagit Manor |
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— |
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— |
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Michael Splinter(6) |
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1,401,333 |
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2.3 |
% |
Stanley Stern(7) |
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295,127 |
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* |
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John Wilson |
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— |
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— |
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All Directors and Executive Officers as a group (11 individuals) |
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17,802,142 |
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28.9 |
% |
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Five Percent Holders: |
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Alon Ventures, LLC(8) |
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12,689,306 |
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21.0 |
% |
Energy Growth Momentum II LP(9) |
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9,142,558 |
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15.1 |
% |
Generation IM Climate Solutions Funds, L.P.(10) |
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7,691,221 |
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12.7 |
% |
Tigo SPV LP(11) |
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5,208,625 |
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8.6 |
% |
L1 Energy Capital Management S.à.r.l(12) |
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5,305,437 |
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8.1 |
% |
Clal Industries Ltd(13) |
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4,476,425 |
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7.4 |
% |
* Less than one percent