L1 Energy

Tigo Energy Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 10, 2023
Hardware, Residential Building & Real Estate, Building Systems, Commercial Building & Real Estate, Alternative Energy, Construction & Property, Energy, Manufacturing, Technology, Batteries, Other Technology, Software, Utilities, Other Construction & Property, Engineering, L1 Energy, GAAP, Alon, EBITDA, CH, Growth, Cryptocurrency, Video game, Bookkeeping, Millicom

Tigo Energy, Inc. ("Tigo" or the "Company"), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the first quarter ended March 31, 2023 and financial guidance for the second quarter ending June 30, 2023.

Key Points: 
  • Tigo Energy, Inc. ("Tigo" or the "Company"), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the first quarter ended March 31, 2023 and financial guidance for the second quarter ending June 30, 2023.
  • Revenue for the first quarter 2023 totaled $50.1 million, a 406% increase from $9.9 million in the prior year period.
  • Net income for the first quarter 2023 totaled $6.9 million, compared to net loss of $5.7 million for the prior year period.
  • The Company expects to file its first quarter 2023 financial statements and related footnotes following the close of the merger transaction.

LithiumBank Appoints Strategy and M&A Executive Formerly at Shell, Citigroup and McKinsey Ekaterina Zotova as New Director and Announces AGM Results

Retrieved on: 
Monday, May 1, 2023
Real, Shell, Shell plc, Antler, Private equity, Marketing, World Energy Council, Vedanta Resources, Senior advisor, L1 Energy, Corporation, Divestment, Meeting, USD, McKinsey & Company, Lithium, Energy transition, Harland, Citigroup, Special, TSX, Growth, Knowledge, Proxy, Mizuho Financial Group, Security (finance), Holding company, Shareholder, Western Canada

Ms. Zotova spent 25 years in strategy and corporate finance, private equity and investment banking across Europe, Middle East, Africa, Asia and the Americas.

Key Points: 
  • Ms. Zotova spent 25 years in strategy and corporate finance, private equity and investment banking across Europe, Middle East, Africa, Asia and the Americas.
  • Ms. Zotova is currently an Advisor on Energy Transition, Infrastructure and Industrials at Antler VC Fund and a non executive director for Harland & Wolff plc.
  • During the course of her career, Ms. Zotova lived and worked in the Netherlands, USA, UK, UAE, South Africa and Russia.
  • To the knowledge of the Company, Real Creative and Scott Shaffer do not own any common shares or warrants of LithiumBank.

Tigo Energy Reports Full Year 2022 Financial Results

Retrieved on: 
Monday, March 13, 2023
Other Energy, Energy, TS4, CH, CFO, L1 Energy, EBITDA, Growth, The Company, Cryptocurrency, Video game, Millicom

Tigo Energy, Inc. ("Tigo", or the "Company"), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the year ended December 31, 2022.

Key Points: 
  • Tigo Energy, Inc. ("Tigo", or the "Company"), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the year ended December 31, 2022.
  • In addition, our Energy Intelligence solutions, introduced in late 2021 in the Americas and in the third quarter of 2022 in Europe, are showing strong sales momentum, representing 4% of our 2022 sales and 7% of our backlog at December 31, 2022.
  • Net loss for 2022 included a loss on the extinguishment of debt in the amount of $3.6 million in 2022.
  • Adjusted EBITDA, a non-GAAP financial measure, totaled $2.5 million for 2022, an improvement compared to an Adjusted EBITDA loss of $3.1 million for 2021.

Tigo Energy Announces $50 Million Capital Raise to Support Growth Initiatives

Retrieved on: 
Monday, January 9, 2023
Other Energy, Technology, Alternative Energy, Energy, Software, Hardware, Energy, L1 Energy, Safety, Growth, Note, Public company, Special-purpose acquisition company, The Company, Renewable energy, Millicom

Tigo Energy, Inc. ("Tigo", or the "Company"), a leading provider of intelligent solar and energy storage solutions, has signed a definitive agreement with L1 Energy for the purchase of $50 million of newly issued Convertible Notes (the “Notes”) to support the Company's future growth opportunities through the deployment of its intelligent solar and energy storage solutions and repayment of existing debt.

Key Points: 
  • Tigo Energy, Inc. ("Tigo", or the "Company"), a leading provider of intelligent solar and energy storage solutions, has signed a definitive agreement with L1 Energy for the purchase of $50 million of newly issued Convertible Notes (the “Notes”) to support the Company's future growth opportunities through the deployment of its intelligent solar and energy storage solutions and repayment of existing debt.
  • The Notes bear a fixed annual interest rate of 5.0% with a maturity date of 36 months.
  • “We look forward to deploying this capital to further our mission of providing critical solar solutions that optimize safety, yield and costs,” said Zvi Alon, Chairman and CEO of Tigo.
  • Upon closing of the transaction, subject to approval by ROCG stockholders and other customary requirements, the combined company will be named “Tigo Energy, Inc.” and is expected to list on NASDAQ under the ticker symbol “TYGO”.

Pocket Network announces closing of its strategic private sale led by blockchain industry leaders Republic Capital, RockTree Capital, Arrington Capital and others to accelerate network development & global expansion

Retrieved on: 
Thursday, January 6, 2022
Ethereum, Crypto, Radar, DAPP, Freedom, Growth, Web3, Crunchbase, API, TechCrunch, Economics, CEO, Blockchain, Polygon, Partnership, Decentralized finance, Sale, L1 Energy, Acceleration, IOT, Web 2.0, Cloud computing, Investment, Leadership, Cryptocurrency, Metaverse, Republic

"We're incredibly excited to support Pocket Network in its mission to incentivize L1 decentralization. We are believers in many different ecosystems -- including Terra, Algorand & Polkadot -- and understand the need for wide node distribution at the base layer. Ultimately, POKT is critical to enhancing the long-term robustness and antifragility of the entire crypto-ecosystem," said Michael Arrington, Founder of Arrington Capital.

Key Points: 
  • Since July, Pocket Network's usage has more than doubled monthly, measured in "relays" which are API calls processed by the protocol.
  • In Pocket Network, we have uncovered a gem that is scaling at warp speed and its performance is measurable onchain.
  • RockTree believes Pocket Network is critical infrastructure for the Web3 revolution, that offers true decentralization and constant uptime for a multi-chain blockchain future.
  • For blockchain app developers and node runners alike, Pocket is a clear no-brainer," added Alex Ye, Managing Director, of Republic Crypto.

Pocket Network announces closing of its strategic private sale led by blockchain industry leaders Republic Capital, RockTree Capital, Arrington Capital and others to accelerate network development & global expansion

Retrieved on: 
Thursday, January 6, 2022
Ethereum, Crypto, Radar, DAPP, Freedom, Growth, Web3, Top Five, Crunchbase, API, TechCrunch, Economics, CEO, Blockchain, Polygon, Partnership, Decentralized finance, Sale, L1 Energy, Acceleration, IOT, Web 2.0, Cloud computing, Investment, Leadership, Cryptocurrency, Metaverse, Republic

TAMPA BAY, Fla., Jan. 6, 2022 /PRNewswire/ -- Pocket Network – an infrastructure middleware protocol which provides decentralized cloud computing and abundant bandwidth on full nodes to other applications across 20 blockchains, including Ethereum, Polygon, Solana and Harmony has closed a strategic round of $10 Million led by Republic Capital, RockTree Capital, Arrington Capital and C² Ventures, as well as other notable participants such as Coinshares, Decentral Park Capital and Dominance Ventures.

Key Points: 
  • Since July, Pocket Network's usage has more than doubled monthly, measured in "relays" which are API calls processed by the protocol.
  • In Pocket Network, we have uncovered a gem that is scaling at warp speed and its performance is measurable onchain.
  • RockTree believes Pocket Network is critical infrastructure for the Web3 revolution, that offers true decentralization and constant uptime for a multi-chain blockchain future.
  • For blockchain app developers and node runners alike, Pocket is a clear no-brainer," added Alex Ye, Managing Director, of Republic Crypto.

Lord Browne of Madingley to Deliver 2019 Commencement Speech at Stanford Graduate School of Business

Retrieved on: 
Thursday, January 31, 2019
Education, University, Continuing, Companies, Oil companies, Industries, Lord Browne, Lord Brown, BP, Stanford Graduate School of Business, Huawei, John Browne, Baron Browne of Madingley, L1 Energy

Lord Browne of Madingley , former CEO, BP plc, will deliver the commencement speech at the diploma award ceremony at Stanford Graduate School of Business (GSB) on June 15, 2019.

Key Points: 
  • Lord Browne of Madingley , former CEO, BP plc, will deliver the commencement speech at the diploma award ceremony at Stanford Graduate School of Business (GSB) on June 15, 2019.
  • Lord Browne spent 41 years at the oil and gas company, BP plc, joining as a university apprentice in 1966.
  • Lord Browne is a director of Pattern Energy, and chairman of Huawei UK, Stanhope Capital, and the Accenture Global Energy Board.
  • In addition to his MS from Stanford GSB, Lord Browne also holds a degree in natural sciences from Cambridge.