Tigo Energy, Inc. (NASDAQ: TYGO) has announced the full repayment of its $50 million 5.0% convertible promissory note, removing the January 2026 maturity and strengthening its balance sheet. The repayment was made using cash on the company's balance sheet, and as a result, Tigo now has no outstanding debt maturities.
Bill Roeschlein, Chief Financial Officer of Tigo, stated that the repayment represents an important milestone for the company's balance sheet and capital structure. He emphasized that by eliminating the $50 million convertible note ahead of its January 2026 maturity, Tigo has removed a significant potential equity overhang, simplified its capital structure, and improved its ability to focus on driving profitable growth in 2026.
Founded in 2007, Tigo Energy, Inc. is a worldwide leader in the development and provision of smart hardware and software solutions for residential, commercial, and utility-scale solar systems. The company's offerings include flex MLPE (module level power electronics) and solar optimizer technology, combined with intelligent, cloud-based software capabilities for advanced energy monitoring and control. Tigo's MLPE products maximize performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level. Additionally, the company develops and manufactures products such as inverters and battery storage systems for the residential solar-plus-storage market. Following these announcements, the company's shares moved 3.33%, and are now trading at a price of $1.55. If you want to know more, read the company's complete 8-K report here.
