BackSummary
Tigo Energy received $2.75M in additional patent sale proceeds, netting ~$583K after expense repayment, under a previously disclosed agreement.
Key takeaways
- Seller received $2.75M on May 14, 2026, satisfying conditions for additional patent sale payment.
- Net proceeds to Seller were approximately $583,000 after repaying expenses.
- Initial closing paid $15M; total consideration now $17.75M.
- Payment deadline was extended by mutual agreement from original 4-month term.