TYGO · Tigo Energy, Inc.

Tigo Energy secured a $10 million revolving credit facility providing flexible liquidity tied to its accounts receivable and inventory levels via a Borrowing Base formula. This asset-based lending structure supports working capital needs without immediate dilution to equity holders. The SOFR-based interest rate with a tiered margin of 1.75% to 2.00% reflects favorable pricing conditional on maintaining higher excess availability, incentivizing efficient inventory and receivables management. The three-year term to March 31, 2029, offers medium-term financing stability. Key protections for the lender include guarantees from subsidiary Tigo MergeCo and a minimum Liquidity covenant tested monthly, alongside standard covenants and default remedies. With no borrowings drawn as of the filing date, the facility enhances financial flexibility amid operational demands, though ongoing compliance is required to avoid acceleration risks.