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TYGO.US
id: 856

Tigo Energy (TYGO) Defective Batteries Case

On August 9, 2023, Tigo Energy (TYGO) announced unaudited financial results, missing market expectations on revenues. The press release stated that Tigo "started seeing some demand softening".

On this news, $TYGO fell over 43%, seriously damaging investors.
  • Previously, there were several investigations and customer complaints regarding the safety of the Company's batteries.
  • These concerns centered around the potential for explosions and fire hazards.
  • However, Tigo Energy did not disclose these issues in their SEC filings either before going public or in the period thereafter.
Investors may have reasons to suspect that Tingo failed to disclose product defects in the securities disclosure, including IPO docs.

The case is already under investigation by at least two of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
09 August 2023
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Tigo Energy, Inc.

Tigo Energy, Inc. develops module-level power electronics (Flex MLPE) and module optimizer technology for the solar industry. It offers solar optimizers. The company also provides software solution...

    Ticker
    TYGO.US
    CIK
    1855447
    Sector
    Technology
    Industry
    Solar
    Country
    USA
    Address
    655 Campbell Technology Parkway, Campbell, CA, United States, 95008