Owl Creek Asset Management Amends TIGO Stake, Signals Reduced Ownership

TL;DR

**Owl Creek Asset Management likely cut its TIGO stake, watch for potential stock price impact.**

AI Summary

Owl Creek Asset Management, L.P., a Delaware-based investment firm, filed an amended SC 13G/A on February 5, 2024, indicating a change in their beneficial ownership of Tigo Energy, Inc. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that Owl Creek Asset Management, L.P. is no longer required to report its holdings under Rule 13d-1(d), often meaning their stake has fallen below a certain threshold or they've changed their reporting status. For investors, this matters because a significant institutional investor potentially reducing their stake could be seen as a lack of confidence in Tigo Energy's future prospects, potentially impacting stock price.

Why It Matters

This filing suggests a major institutional investor, Owl Creek Asset Management, L.P., has likely reduced its stake in Tigo Energy, Inc., which could be interpreted by the market as a bearish signal.

Risk Assessment

Risk Level: medium — A large institutional investor potentially reducing its stake can signal a lack of confidence, which could lead to downward pressure on the stock price.

Analyst Insight

A smart investor would investigate the reasons behind Owl Creek Asset Management, L.P.'s likely reduction in stake and consider if this signals a fundamental change in Tigo Energy's outlook before making investment decisions.

Key Players & Entities

• Owl Creek Asset Management, L.P. (company) — the reporting person filing the SC 13G/A
• Tigo Energy, Inc. (company) — the subject company whose securities are being reported
• Delaware (place) — state of organization for Owl Creek Asset Management, L.P.
• December 31, 2023 (date) — date of event requiring the filing
• February 5, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Tigo Energy's stock price may experience downward pressure in the short term. (Tigo Energy, Inc.) — medium confidence, target: 3 months
• Other institutional investors may re-evaluate their positions in Tigo Energy. (Institutional Investors) — low confidence, target: 6 months

FAQ

Key Financial Figures

• $0.0001 — Co.) (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securitie

Filing Documents

• p24-0542sc13ga.htm (SC 13G/A) — 56KB
• 0000902664-24-001028.txt ( ) — 58KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Tigo Energy, Inc. (f/k/a Roth CH Acquisition IV Co.) (the " Issuer ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Issuer's principal executive offices are located at 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660.

(a)

Item 2(a). NAME OF PERSON FILING: (i) Owl Creek Asset Management, L.P., a Delaware limited partnership and the investment manager of Owl Creek Credit Opportunities Master Fund, Ltd. (the " Owl Creek Fund "), with respect to the shares of Common Stock that were owned by the Owl Creek Fund and (ii) Jeffrey A. Altman (" Mr. Altman "), as managing member of the general partner of Owl Creek Asset Management, L.P., with respect to the shares of Common Stock that were owned by the Owl Creek Fund. The foregoing persons are hereinafter sometimes collectively referred to as the " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of the Reporting Persons is 640 Fifth Avenue, 20th Floor, New York, NY 10019.

(c)

Item 2(c). CITIZENSHIP: Owl Creek Asset Management, L.P. is a limited partnership organized under the laws of the State of Delaware. Mr. Altman is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common stock, $0.0001 par value (the " Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 88675P103 CUSIP No. 88675P103 13G/A Page 5 of 7 Pages Item 3. IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ¨ Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ¨ Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý CUSIP No. 88675P103 13G/A Page 6 of 7 Pages Item 6.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 5, 2024 /s/ Jeffrey A. Altman Jeffrey A. Altman, individually and as managing member of the general partner of Owl Creek Asset Management, L.P.

View Full Filing

View this SC 13G/A filing on SEC EDGAR