# EDGAR Filing Document

**Accession Number:** 0001855447
**File Stem:** 0000000000-23-000942
**Filing Date:** 2023-1
**Character Count:** 54359
**Document Hash:** 1b8eaf611062b1966bd8d9f499fc1240
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000942.hdr.sgml**: 20230524

**ACCESSION NUMBER**: 0000000000-23-000942

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230127

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Roth CH Acquisition IV Co.
- **CENTRAL INDEX KEY:** 0001855447
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 888 SAN CLEMENTE DRIVE SUITE 400
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 9497205700

**MAIL ADDRESS:**
- **STREET 1:** 888 SAN CLEMENTE DRIVE SUITE 400
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001104659-22-131415

## Text-Extract

```

United States securities and exchange commission logo

                              January 27, 2023

       Gordon Roth
       Chief Financial Officer
       Roth CH Acquisition IV Co.
       888 San Clemente Drive, Suite 400
       Newport Beach, CA 92660

                                                        Re: Roth CH Acquisition
IV Co.
                                                            Registration
Statement on Form S-4
                                                            Filed December 30,
2022
                                                            File No. 333-269095

       Dear Gordon Roth:

              We have reviewed your registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Form S-4 filed December 30, 2022

       General

   1.                                                   We note your disclosure
that the initial stockholders have entered into an agreement to sell
                                                        common stock and
private placement units to Tigo Energy, Inc. ("Tigo"). Please tell us
                                                        how this agreement
complies with Rule 14e-5. Additionally clarify whether shareholders
                                                        are being asked to vote
on this purchase and sale agreement.
   2.                                                   We note that
Craig-Hallum Capital Group ("Craig-Hallum") was an underwriter for your
                                                        SPAC initial public
offering, and your disclosure indicates Craig-Hallum has advised on
                                                        the business
combination transaction with the target company, for instance on pages 129
                                                        and 179. We also note
your disclosure that appears to indicate Craig-Hallum intends to
                                                        waive the deferred
underwriting commissions that would otherwise be due to it upon the
                                                        closing of the business
transaction, as a result of the BCMA termination agreement.
 Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 2
         Please tell us, with a view to disclosure, whether you have received
notice from Craig-
         Hallam about it ceasing involvement in your transaction. We may have
further comments
         in light of your response.
3.       We note disclosure indicating that you and/or Tigo may sell additional
securities to raise
         funds to satisfy the minimum cash required to complete the business
combination
         transaction after returning funds to redeeming stockholders. Revise
the disclosure to
         discuss the key terms of any convertible securities and to disclose
the potential impact of
         those securities on non-redeeming shareholders.
4.       Please disclose whether and how your business, products, or operations
are materially
         impacted by supply chain disruptions, especially in light of Russia
s invasion of Ukraine
         and the effectiveness of the Uyghur Forced Labor Prevention Act
("UFLPA"). For
         example, discuss whether you have or expect to:

                suspend the production, purchase, sale or maintenance of
certain items due to a lack
              of raw materials, parts, or equipment;
                experience labor shortages that impact your business;
                experience cybersecurity attacks in your supply chain;
                experience higher costs due to constrained capacity or
increased commodity prices or
              challenges sourcing materials;
                experience surges or declines in consumer demand for which you
are unable to
              adequately adjust your supply; or
                be unable to supply products at competitive prices or at all
due to export
              restrictions, sanctions, tariffs, trade barriers, or political or
trade tensions among
              countries or the ongoing invasion.

         Explain whether and how you have undertaken efforts to mitigate the
impact and where
         possible quantify the impact to your business.
Cover Page

5.       We note the definition of "merger consideration" as 60 million shares
of the combined
         company. Please revise to clarify whether the merger consideration is
subject to increase
         or decrease based on the additional capital raised as described
elsewhere, such as pages
         183 and 208.
Basis of Presentation and Glossary, page iv

6.     Please revise the definition of "initial stockholders" to identify all
of your initial
FirstName LastNameGordon Roth
       stockholders, and additionally clarify the extent to which the initial
stockholders and the
Comapany    NameRoth
       sponsors  overlapCH
                         or Acquisition  IValso
                            differ. Please   Co. revise the definition of
"public stockholders" on
Januarypage  v to exclude
         27, 2023  Page 2 the sponsors and their affiliates, in order to avoid
confusion.
FirstName LastName
 Gordon Roth
FirstName  LastNameGordon
Roth CH Acquisition IV Co. Roth
Comapany
January 27,NameRoth
            2023     CH Acquisition IV Co.
January
Page 3 27, 2023 Page 3
FirstName LastName
Cautionary Note Regarding Forward-Looking Statements, page vii

7.       We note your reliance upon the safe harbor for forward-looking
statements contained in
         the Private Securities Litigation Reform Act of 1995 in connection
with the disclosure of
         the plans, strategies and prospects, both business and financial, of
you and Tigo. Please
         revise to include language acknowledging the legal uncertainty of the
availability of the
         safe harbor in the context of a SPAC business combination.
Questions and Answers, page ix

8.       Please quantify the aggregate dollar amount and describe the nature of
what the sponsors
         and their affiliates have at risk that depends on completion of a
business combination.
         Include the current value of securities held, loans extended
(including the promissory note
         described on page 15), fees due (including as financial advisors),
out-of-pocket expenses
         for which the sponsors and their affiliates are awaiting
reimbursement, and the value of
         the shares to which Roth Capital Partners ("Roth") is entitled
pursuant to the BCMA
         termination agreement. Provide similar disclosure for the company   s
officers and
         directors, if material.
9.       Please revise your ownership table to disclose all possible sources
and extent of dilution
         that shareholders who elect not to redeem their shares may experience
in connection with
         the business combination. Provide disclosure of the impact of each
significant source of
         dilution, including the amount of equity held by or issuable to the
initial stockholders, and
         convertible securities, including warrants retained by redeeming
shareholders, at each of
         the redemption levels detailed in your sensitivity analysis, including
any needed
         assumptions.
10.      Please disclose the sponsors and their affiliates' total potential
ownership interest in the
         combined company, assuming exercise and conversion of all securities,
and including the
         maximum number of shares issuable under the BCMA termination
agreement.
Summary, page 1

11.      We note that Roth and Craig-Hallum were entitled to a deferred fee
equal to 4.5% of the
         gross proceeds of your SPAC IPO pursuant to the business combination
marketing
         agreement ("BCMA"). Please revise your disclosure to quantify the
amount of this
         deferred fee and the value of the shares that Roth agreed to receive
under the BCMA
         termination agreement (using a range as appropriate). Additionally
describe the reasons
         why Craig-Hallum waived the deferred fee and Roth agreed to a reduced
fee in the form
         of shares.
12.      Please highlight the material risks to public warrant holders,
including those arising from
         differences between private and public warrants. Quantify the value of
warrants, based on
         recent trading prices, that may be retained by redeeming stockholders
assuming maximum
         redemptions and identify any material resulting risks.
 Gordon Roth
FirstName  LastNameGordon
Roth CH Acquisition IV Co. Roth
Comapany
January 27,NameRoth
            2023     CH Acquisition IV Co.
January
Page 4 27, 2023 Page 4
FirstName LastName
13.      We note your reference to non-redemption agreements. Please describe
any consideration
         provided in exchange for the agreement by shareholders to waive their
redemption rights
         in connection with the business combination.
14.      Please revise the ownership diagrams on page 3 for consistency with
the ownership tables
         within the questions and answers section. Include investors who
acquire shares and/or
         convertible securities pursuant to additional financing in connection
with the business
         combination, including Roth (making appropriate assumptions).
Separately present
         percentages represented by convertible securities, either by footnote
disclosure or a
         second set of diagrams, and identify all such securities (e.g., ROCG
warrants held by
         public holders, ROCG warrants underlying private placement units, Tigo
warrants or
         options (indicating whether any will remain outstanding following the
business
         combination), any Tigo convertible securities issued or issuable
pursuant to additional
         financing, etc.).
15.      Please revise to disclose the number and percentage of shareholders
who redeemed their
         shares in connection with the vote to approve the extension.
Warrantholder Consent Agreement, page 13

16.      We note your disclosure that Tigo warrant holders have delivered
consent to exercise their
         warrants for Tigo shares, which will be cancelled and converted into
the right to receive a
         portion of the merger consideration. Please revise to clarify if all
outstanding Tigo
         warrants are subject to consent, and describe how any un-exercised
Tigo warrants will be
         treated. Quantify the amount of merger consideration such warrant
holders will receive,
         and revise disclosure elsewhere as appropriate, for instance the
tables setting forth uses of
         funds on page 17.
Risk Factors, page 27

17.      We note that you rely on suppliers concentrated in southeast Asia.
Please disclose the
         risks of this reliance and any disruptions you have experienced due to
such reliance.
We are exposed to general economic conditions and the fluctuations of interest
and inflation
rates may have an adverse effect..., page 42

18.      We note your risk factor indicating that inflation could affect demand
for your products.
         Please update this risk factor if recent inflationary pressures have
materially impacted
         your operations. In this regard, identify the types of inflationary
pressures you are facing
         and how your business has been affected.
We depend on sole-source and limited-source suppliers . . . . , page 46

19.      Please revise the statement, "We depend on sole-source and
limited-source suppliers for
         key components of our products, such as our lithium-ion batteries," to
clearly disclose
         whether you have a sole source of lithium-ion batteries. Further
describe the material
 Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 5
         provisions of your supply arrangements for key components and assess
related risks to the
         combined company and shareholders.
The Proposed Charter will provide that the Court of Chancery . . . . , page 65

20.      We note that disclosure here includes the clause, "(b) subject to the
foregoing, the federal
         district courts of the United States of America shall be the exclusive
forum for the
         resolution of any complaint asserting a cause of action arising under
the Securities Act,"
         which does not appear to be included in disclosure elsewhere (for
instance on page 243) or
         within the combined company's charter; please reconcile. Please also
add risk factor
         disclosure relating to the exclusive forum provision contained in the
warrant agreement.
ROCG's Special Meeting of Stockholders, page 81

21.      We note disclosure on page 81 that the (i) sponsors and your
independent directors have
         agreed to vote in favor of the business combination and (ii) sponsors
and your officers and
         directors intend to vote in favor of each proposal; please revise to
clarify whether these
         involve different shares and commitments, and conform the disclosure
regarding quorum
         requirements on page 82. Additionally reconcile statements throughout
the registration
         statement regarding which parties have agreed to vote, for
non-exclusive example on
         pages 20 and 111 (noting that the sponsors and initial shareholders do
not appear to be
         identical). Disclose the number and percentage of shares held by
public shareholders that
         is required to establish a quorum and approve each proposal, clearly
stating if none are
         required, and additionally include this information within the
questions and answers
         section. Update and otherwise reconcile the disclosure on page 111
that indicates 35.5%
         of public shares are required, as this seems inconsistent with
disclosure elsewhere
         indicating that a majority vote is required and 58.4% of the shares
have agreed to vote in
         favor.
22.      Please revise your disclosure to reflect that discretionary authority
may not be exercised to
         vote in favor of the adjournment proposal.
Purchases of ROCG Shares, page 86

23.    We note disclosure on page 61 regarding potential share purchases
(including future
       purchase agreements) by the sponsors, Tigo, or their respective
directors, officers,
       advisors or affiliates; disclosure on page 86 regarding such purchases
by the sponsors,
       Tigo, the Tigo stockholders and/or their respective affiliates; and
various references to
       forward purchase agreements, for instance on page 11. Please provide
your analysis as on
       how such potential purchases and future/forward purchase agreements
would comply with
       Rule 14e-5. To the extent that you are relying on Tender Offer
Compliance and
FirstName LastNameGordon Roth
       Disclosure Interpretation 166.01 (March 22, 2022), please provide an
analysis regarding
Comapany
       how NameRoth
            it applies toCH  Acquisition
                          your            IV Co.Revise your disclosure as
appropriate for
                                circumstances.
Januaryconsistency.
        27, 2023 Page 5
FirstName LastName
 Gordon Roth
FirstName  LastNameGordon
Roth CH Acquisition IV Co. Roth
Comapany
January 27,NameRoth
            2023     CH Acquisition IV Co.
January
Page 6 27, 2023 Page 6
FirstName LastName
Our Business Combination Process, page 107

24.      Please update this and following sections to reflect the completion of
your initial public
         offering, extension of the business combination deadline, and other
current information in
         relation to your proposed business combination with Tigo. Please also
define the term
         "Outside Date" on page 201.
Information About Tigo, page 131

25.      We note the statement on page 135, "Our total addressable market is
defined by our ability
         to compete on price and quality within the regions where we plan to do
business," yet the
         $115 billion market opportunity that "Tigo has positioned itself to
take advantage of"
         appears to represent global TAM. Please revise to specify the regions
where Tigo expects
         to do business within the relevant timeframe and limit TAM to those
regions.
         Additionally reconcile statements throughout regarding the continents
and/or countries
         where Tigo has operations, for example on pages 33, 138, and 148.
26.      We note references to both software-enabled products and services, for
example on page
         44. Please revise disclosure in this section to clearly describe
Tigo's software, including
         whether it is embedded within products and/or sold on a stand-alone
basis, with or without
         related services. Describe the state of software development and
commercialization.
         Clarify whether customers separately contract for products, software,
and/or services, and
         whether any revenues are recurring. We note statements on page 136
that "Our EI
         solution is currently offered for residential markets only" and on
page 148 that "We
         currently offer our EI software to both residential and commercial
customers in the U.S.;"
         please revise to reconcile or clarify.
27.      Please revise your disclosure to describe the acquired business of
Foresight Energy Ltd.
         and whether and how this affects Tigo's existing operations described
in this section.
         Disclose additional information regarding the acquisition, including
the purchase price
         and percentage of Tigo shares issued.
28.      Disclosure on page 141 refers to the introduction of larger PV modules
with power levels
         over 600W, leading to market interest in higher power rating MLPE
devices. Please
         revise to explain how this market trend relates to Tigo's products and
services, indicating
         whether these are capable of operating at such high power levels. We
further note
         disclosure on page 30 referring to potential in-country manufacturing
requirements.
         Please revise your regulatory section to describe such requirements,
indicating whether
         and how these are expected to affect Tigo's operations.
Tigo's Management's Discussion and Analysis of Financial Condition and Results
of Operations
Results of Operations, page 153

29.      We note your risk factor on page 45 related to the movements of the
U.S. dollar against
         the Euro, the New Israeli Shekel, Yuan and other currencies in which
you generate
 Gordon Roth
FirstName  LastNameGordon
Roth CH Acquisition IV Co. Roth
Comapany
January 27,NameRoth
            2023     CH Acquisition IV Co.
January
Page 7 27, 2023 Page 7
FirstName LastName
         revenues, incur expenses and maintain cash balances, and its effect on
your profitability.
         Please expand your discussion of each component of your results of
operations for each
         period presented to disclose the impact that foreign currency
translations had on your
         results of operations.
30.      You state on page 150 that you are experiencing an increase in overall
operating and other
         costs as the result of higher inflation rates. Please expand your
disclosure to identify the
         principal factors contributing to the inflationary pressures the
company has experienced
         and clarify the resulting impact to the company.
31.      Regarding your disclosure on page 150 that supply chain challenges and
logistics
         constraints have caused delays in critical components and inventory,
longer lead times,
         and have resulted in increased costs, please specify whether these
challenges have
         materially impacted your results of operations or capital resources
and quantify, to the
         extent possible, how your sales, profits, and/or liquidity have been
impacted.
Management of the Combined Company Following the Business Combination, page 167

32.      We note that Zvi Alon is identified as the Chairman of the Board of
the combined
         company, and five director nominees are listed, yet six consents of
director nominees,
         including Zvi Alon, were filed as exhibits to the registration
statement. Please address
         this apparent inconsistency.
Executive Compensation, page 174

33.      Please update your executive compensation information to reflect the
fiscal year ended
         December 31, 2022.
The Business Combination
Background of the Business Combination, page 179

34.      We note disclosure that appears to indicate that the SPAC IPO
underwriters, Roth
         and Craig-Hallum, performed additional services after the IPO. Please
revise your
         disclosure to clearly identify the role of each, including whether
Roth and/or Craig-
         Hallum were appointed as financial advisor(s). Describe their
respective services in
         connection with the business combination and additional financing,
including the level of
         diligence performed. Describe and quantify the aggregate fees payable
to each upon
         completion of the business combination, indicating any amount that is
contingent
         thereupon.
35.      We note the statement on page 124, that "ROCG does not believe that
the conflicts of
         interest with its officers and directors impacted its search for an
acquisition target."
         Please revise the disclosure throughout this section to highlight all
material interests in the
         transaction held by the sponsors and your officers and directors.
Describe, without
         limitation, the potential conflicts associated with certain parties
serving in multiple roles
         (e.g., as your management, as sponsors and/or their affiliates, and/or
as advisors). Clarify
 Gordon Roth
FirstName  LastNameGordon
Roth CH Acquisition IV Co. Roth
Comapany
January 27,NameRoth
            2023     CH Acquisition IV Co.
January
Page 8 27, 2023 Page 8
FirstName LastName
         how the board considered these conflicts in negotiating and
recommending the business
         combination. Additionally add a separate risk factor addressing
conflicts of interest and
         related material risks to the combined company and shareholders.
36.      Please revise your disclosure to describe any discussions about the
need to obtain
         additional financing for the combined company, such as the capital
raise, and the
         negotiation/marketing process. Include, without limitation, disclosure
regarding who
         selects potential investors; what relationships investors have to the
SPAC, the sponsors,
         the target, their respective affiliates, and/or any placement agent;
and how the terms of
         additional financing are determined.
37.      Please revise to indicate whether the sponsors and management and
affiliates have
         a track record with SPACs and, if so, provide balanced disclosure
about this record and
         the outcomes of the prior transactions.
The Comparable Companies Approach, page 186

38.      We note references to information presented by Craig-Hallum and Roth.
Please include
         the disclosure required by Item 1015(b) of Regulation M-A, or tell us
why you are not
         required to do so.
Recommendation of the ROCG Board of Directors . . . . , page 187

39.      The negative factors considered by your board of directors appear
general in nature, as
         they apply to a business combination with any target (with the
exception of the third bullet
         point on page 189). Please revise to describe the specific factors
that your board
         considered in relation to the proposed business combination with Tigo.
In addition, revise
         to describe whether the board took the consideration to be paid for
Tigo into account in
         recommending the business combination, including any changes in
consideration in
         connection with the capital raise, and, if not, why not.
Certain Projected Information, page 190

40.      We note that Tigo's Energy Intelligence solution is projected to
account for approximately
         28% of revenue in 2023, although it constituted a de minimis amount in
the first nine
         months of 2022, despite being introduced in the North American market
in the last quarter
         of 2021. Please revise your disclosure to describe why this assumption
is reasonable,
         including the factors or contingencies that would affect such growth
from ultimately
         materializing. Additionally revise to disclose that projected
operating income represents a
         change from Tigo's historic trend of operating loss, and to
specifically describe the
         material assumptions that make this change in trend appropriate.
Interest's of ROCG's Sponsors, Directors and Officers in the Business
Combination, page 193

41.      We note disclosure on page 248 that states, "Byron Roth, Gordon Roth
and Aaron
         Gurewitz are affiliated with Roth, and John Lipman and Rick Hartfiel
are affiliated with
 Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 9
         Craig-Hallum, in addition to being officers or directors (or both, in
the case of Byron Roth
         and John Lipman), as applicable, of Tigo," and indicates such
executives may benefit
         indirectly. Please revise your conflicts of interest disclosure to
clarify the overlapping
         roles of management and more fully describe the nature of such
indirect benefits,
         including description and quantification of "such fees" and "such
amounts payable."
         Include appropriate risk factor disclosure.
Material U.S. Federal Income Tax Considerations, page 221

42.      We note that the Agreement and Plan of Merger indicates the parties
intend that the
         merger will qualify as a reorganization within the meaning of Section
368(a) of the Code.
         Please revise the disclosure in this section to address Section 368(a)
and any material
         consequences to shareholders, including revising the caption to refer
to "Consequences"
         rather than "Considerations." Additionally file a tax opinion as an
exhibit to the
         registration statement.
Description of Capital Stock of the Combined Company, page 240

43.      You disclose on page 243 that the Combined Company, the Sponsors and
certain
         equityholders of Tigo will enter into a registration rights agreement
at the closing of the
         business combination. Please disclose if you anticipate whether there
will be any
         maximum cash penalties under the registration rights agreement or
additional penalties
         that may result from delays in registering your common stock. Refer to
ASC 825-20-50-
         1.
Report of Independent
FirstName               Registered
            LastNameGordon    RothPublic Accounting Firm, page F-37
Comapany
44.         NameRoth
       Please           CH Acquisition
               make arrangements        IV Co. auditor to revise its report to
indicate the city and
                                   with Tigo   s
Januarystate in which
         27, 2023 Pagethe
                        9 report was issued, as required by Rule 2-02(a) of
Regulation S-X.
FirstName LastName
 Gordon Roth
FirstName  LastNameGordon
Roth CH Acquisition IV Co. Roth
Comapany
January 27,NameRoth
            2023     CH Acquisition IV Co.
January
Page 10 27, 2023 Page 10
FirstName LastName
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       You may contact Jeff Gordon at 202-551-3866 or Kevin Woody at
202-551-3629 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Alex King at 202-551-8631 or Jennifer Angelini at 202-551-3047 with any
other
questions.

                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of
Manufacturing

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

DIVISION OF
CORPORATION FINANCE

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

January 27, 2023

Gordon Roth
Chief Financial Officer
Roth CH Acquisition IV Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

**Re: Roth CH Acquisition IV Co.**
**Registration Statement on Form S-4**
**Filed December 30, 2022**
**File No. 333-269095**

Dear Gordon Roth:

We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.

Form S-4 filed December 30, 2022

General

1. We note your disclosure that the initial stockholders have entered into an agreement to sell common stock and private placement units to Tigo Energy, Inc. ("Tigo"). Please tell us how this agreement complies with Rule 14e-5. Additionally clarify whether shareholders are being asked to vote on this purchase and sale agreement.
2. We note that Craig-Hallum Capital Group ("Craig-Hallum") was an underwriter for your SPAC initial public offering, and your disclosure indicates Craig-Hallum has advised on the business combination transaction with the target company, for instance on pages 129 and 179. We also note your disclosure that appears to indicate Craig-Hallum intends to waive the deferred underwriting commissions that would otherwise be due to it upon the closing of the business transaction, as a result of the BCMA termination agreement.

Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 2

Please tell us, with a view to disclosure, whether you have received notice from Craig-Hallam about it ceasing involvement in your transaction. We may have further comments in light of your response.

3. We note disclosure indicating that you and/or Tigo may sell additional securities to raise funds to satisfy the minimum cash required to complete the business combination transaction after returning funds to redeeming stockholders. Revise the disclosure to discuss the key terms of any convertible securities and to disclose the potential impact of those securities on non-redeeming shareholders.

4. Please disclose whether and how your business, products, or operations are materially impacted by supply chain disruptions, especially in light of Russia's invasion of Ukraine and the effectiveness of the Uyghur Forced Labor Prevention Act ("UFLPA"). For example, discuss whether you have or expect to:

- suspend the production, purchase, sale or maintenance of certain items due to a lack of raw materials, parts, or equipment;
- experience labor shortages that impact your business;
- experience cybersecurity attacks in your supply chain;
- experience higher costs due to constrained capacity or increased commodity prices or challenges sourcing materials;
- experience surges or declines in consumer demand for which you are unable to adequately adjust your supply; or
- be unable to supply products at competitive prices or at all due to export restrictions, sanctions, tariffs, trade barriers, or political or trade tensions among countries or the ongoing invasion.

Explain whether and how you have undertaken efforts to mitigate the impact and where possible quantify the impact to your business.

Cover Page

5. We note the definition of "merger consideration" as 60 million shares of the combined company. Please revise to clarify whether the merger consideration is subject to increase or decrease based on the additional capital raised as described elsewhere, such as pages 183 and 208.

Basis of Presentation and Glossary, page iv

6. Please revise the definition of "initial stockholders" to identify all of your initial stockholders, and additionally clarify the extent to which the initial stockholders and the sponsors overlap or differ. Please also revise the definition of "public stockholders" on page v to exclude the sponsors and their affiliates, in order to avoid confusion.

Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 3

# Cautionary Note Regarding Forward-Looking Statements, page vii

7. We note your reliance upon the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 in connection with the disclosure of the plans, strategies and prospects, both business and financial, of you and Tigo. Please revise to include language acknowledging the legal uncertainty of the availability of the safe harbor in the context of a SPAC business combination.

# Questions and Answers, page ix

8. Please quantify the aggregate dollar amount and describe the nature of what the sponsors and their affiliates have at risk that depends on completion of a business combination. Include the current value of securities held, loans extended (including the promissory note described on page 15), fees due (including as financial advisors), out-of-pocket expenses for which the sponsors and their affiliates are awaiting reimbursement, and the value of the shares to which Roth Capital Partners ("Roth") is entitled pursuant to the BCMA termination agreement. Provide similar disclosure for the company's officers and directors, if material.
9. Please revise your ownership table to disclose all possible sources and extent of dilution that shareholders who elect not to redeem their shares may experience in connection with the business combination. Provide disclosure of the impact of each significant source of dilution, including the amount of equity held by or issuable to the initial stockholders, and convertible securities, including warrants retained by redeeming shareholders, at each of the redemption levels detailed in your sensitivity analysis, including any needed assumptions.
10. Please disclose the sponsors and their affiliates' total potential ownership interest in the combined company, assuming exercise and conversion of all securities, and including the maximum number of shares issuable under the BCMA termination agreement.

# Summary, page 1

11. We note that Roth and Craig-Hallum were entitled to a deferred fee equal to 4.5% of the gross proceeds of your SPAC IPO pursuant to the business combination marketing agreement ("BCMA"). Please revise your disclosure to quantify the amount of this deferred fee and the value of the shares that Roth agreed to receive under the BCMA termination agreement (using a range as appropriate). Additionally describe the reasons why Craig-Hallum waived the deferred fee and Roth agreed to a reduced fee in the form of shares.
12. Please highlight the material risks to public warrant holders, including those arising from differences between private and public warrants. Quantify the value of warrants, based on recent trading prices, that may be retained by redeeming stockholders assuming maximum redemptions and identify any material resulting risks.

Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 4

13. We note your reference to non-redemption agreements. Please describe any consideration provided in exchange for the agreement by shareholders to waive their redemption rights in connection with the business combination.

14. Please revise the ownership diagrams on page 3 for consistency with the ownership tables within the questions and answers section. Include investors who acquire shares and/or convertible securities pursuant to additional financing in connection with the business combination, including Roth (making appropriate assumptions). Separately present percentages represented by convertible securities, either by footnote disclosure or a second set of diagrams, and identify all such securities (e.g., ROCG warrants held by public holders, ROCG warrants underlying private placement units, Tigo warrants or options (indicating whether any will remain outstanding following the business combination), any Tigo convertible securities issued or issuable pursuant to additional financing, etc.).

15. Please revise to disclose the number and percentage of shareholders who redeemed their shares in connection with the vote to approve the extension.

Warrantholder Consent Agreement, page 13

16. We note your disclosure that Tigo warrant holders have delivered consent to exercise their warrants for Tigo shares, which will be cancelled and converted into the right to receive a portion of the merger consideration. Please revise to clarify if all outstanding Tigo warrants are subject to consent, and describe how any un-exercised Tigo warrants will be treated. Quantify the amount of merger consideration such warrant holders will receive, and revise disclosure elsewhere as appropriate, for instance the tables setting forth uses of funds on page 17.

Risk Factors, page 27

17. We note that you rely on suppliers concentrated in southeast Asia. Please disclose the risks of this reliance and any disruptions you have experienced due to such reliance.

We are exposed to general economic conditions and the fluctuations of interest and inflation rates may have an adverse effect..., page 42

18. We note your risk factor indicating that inflation could affect demand for your products. Please update this risk factor if recent inflationary pressures have materially impacted your operations. In this regard, identify the types of inflationary pressures you are facing and how your business has been affected.

We depend on sole-source and limited-source suppliers . . . . , page 46

19. Please revise the statement, "We depend on sole-source and limited-source suppliers for key components of our products, such as our lithium-ion batteries," to clearly disclose whether you have a sole source of lithium-ion batteries. Further describe the material

Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 5

provisions of your supply arrangements for key components and assess related risks to the combined company and shareholders.

The Proposed Charter will provide that the Court of Chancery . . . . , page 65

20. We note that disclosure here includes the clause, "(b) subject to the foregoing, the federal district courts of the United States of America shall be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act," which does not appear to be included in disclosure elsewhere (for instance on page 243) or within the combined company's charter; please reconcile. Please also add risk factor disclosure relating to the exclusive forum provision contained in the warrant agreement.

ROCG's Special Meeting of Stockholders, page 81

21. We note disclosure on page 81 that the (i) sponsors and your independent directors have agreed to vote in favor of the business combination and (ii) sponsors and your officers and directors intend to vote in favor of each proposal; please revise to clarify whether these involve different shares and commitments, and conform the disclosure regarding quorum requirements on page 82. Additionally reconcile statements throughout the registration statement regarding which parties have agreed to vote, for non-exclusive example on pages 20 and 111 (noting that the sponsors and initial shareholders do not appear to be identical). Disclose the number and percentage of shares held by public shareholders that is required to establish a quorum and approve each proposal, clearly stating if none are required, and additionally include this information within the questions and answers section. Update and otherwise reconcile the disclosure on page 111 that indicates 35.5% of public shares are required, as this seems inconsistent with disclosure elsewhere indicating that a majority vote is required and 58.4% of the shares have agreed to vote in favor.

22. Please revise your disclosure to reflect that discretionary authority may not be exercised to vote in favor of the adjournment proposal.

Purchases of ROCG Shares, page 86

23. We note disclosure on page 61 regarding potential share purchases (including future purchase agreements) by the sponsors, Tigo, or their respective directors, officers, advisors or affiliates; disclosure on page 86 regarding such purchases by the sponsors, Tigo, the Tigo stockholders and/or their respective affiliates; and various references to forward purchase agreements, for instance on page 11. Please provide your analysis as on how such potential purchases and future/forward purchase agreements would comply with Rule 14e-5. To the extent that you are relying on Tender Offer Compliance and Disclosure Interpretation 166.01 (March 22, 2022), please provide an analysis regarding how it applies to your circumstances. Revise your disclosure as appropriate for consistency.

Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 6

# Our Business Combination Process, page 107

24. Please update this and following sections to reflect the completion of your initial public offering, extension of the business combination deadline, and other current information in relation to your proposed business combination with Tigo. Please also define the term "Outside Date" on page 201.

# Information About Tigo, page 131

25. We note the statement on page 135, "Our total addressable market is defined by our ability to compete on price and quality within the regions where we plan to do business," yet the $115 billion market opportunity that "Tigo has positioned itself to take advantage of" appears to represent global TAM. Please revise to specify the regions where Tigo expects to do business within the relevant timeframe and limit TAM to those regions. Additionally reconcile statements throughout regarding the continents and/or countries where Tigo has operations, for example on pages 33, 138, and 148.
26. We note references to both software-enabled products and services, for example on page 44. Please revise disclosure in this section to clearly describe Tigo's software, including whether it is embedded within products and/or sold on a stand-alone basis, with or without related services. Describe the state of software development and commercialization. Clarify whether customers separately contract for products, software, and/or services, and whether any revenues are recurring. We note statements on page 136 that "Our EI solution is currently offered for residential markets only" and on page 148 that "We currently offer our EI software to both residential and commercial customers in the U.S.;" please revise to reconcile or clarify.
27. Please revise your disclosure to describe the acquired business of Foresight Energy Ltd. and whether and how this affects Tigo's existing operations described in this section. Disclose additional information regarding the acquisition, including the purchase price and percentage of Tigo shares issued.
28. Disclosure on page 141 refers to the introduction of larger PV modules with power levels over 600W, leading to market interest in higher power rating MLPE devices. Please revise to explain how this market trend relates to Tigo's products and services, indicating whether these are capable of operating at such high power levels. We further note disclosure on page 30 referring to potential in-country manufacturing requirements. Please revise your regulatory section to describe such requirements, indicating whether and how these are expected to affect Tigo's operations.

# Tigo's Management's Discussion and Analysis of Financial Condition and Results of Operations
Results of Operations, page 153

29. We note your risk factor on page 45 related to the movements of the U.S. dollar against the Euro, the New Israeli Shekel, Yuan and other currencies in which you generate

Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 7

revenues, incur expenses and maintain cash balances, and its effect on your profitability. Please expand your discussion of each component of your results of operations for each period presented to disclose the impact that foreign currency translations had on your results of operations.

30. You state on page 150 that you are experiencing an increase in overall operating and other costs as the result of higher inflation rates. Please expand your disclosure to identify the principal factors contributing to the inflationary pressures the company has experienced and clarify the resulting impact to the company.

31. Regarding your disclosure on page 150 that supply chain challenges and logistics constraints have caused delays in critical components and inventory, longer lead times, and have resulted in increased costs, please specify whether these challenges have materially impacted your results of operations or capital resources and quantify, to the extent possible, how your sales, profits, and/or liquidity have been impacted.

Management of the Combined Company Following the Business Combination, page 167

32. We note that Zvi Alon is identified as the Chairman of the Board of the combined company, and five director nominees are listed, yet six consents of director nominees, including Zvi Alon, were filed as exhibits to the registration statement. Please address this apparent inconsistency.

Executive Compensation, page 174

33. Please update your executive compensation information to reflect the fiscal year ended December 31, 2022.

The Business Combination

Background of the Business Combination, page 179

34. We note disclosure that appears to indicate that the SPAC IPO underwriters, Roth and Craig-Hallum, performed additional services after the IPO. Please revise your disclosure to clearly identify the role of each, including whether Roth and/or Craig-Hallum were appointed as financial advisor(s). Describe their respective services in connection with the business combination and additional financing, including the level of diligence performed. Describe and quantify the aggregate fees payable to each upon completion of the business combination, indicating any amount that is contingent thereupon.

35. We note the statement on page 124, that "ROCG does not believe that the conflicts of interest with its officers and directors impacted its search for an acquisition target." Please revise the disclosure throughout this section to highlight all material interests in the transaction held by the sponsors and your officers and directors. Describe, without limitation, the potential conflicts associated with certain parties serving in multiple roles (e.g., as your management, as sponsors and/or their affiliates, and/or as advisors). Clarify

Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 8

how the board considered these conflicts in negotiating and recommending the business combination. Additionally add a separate risk factor addressing conflicts of interest and related material risks to the combined company and shareholders.

36. Please revise your disclosure to describe any discussions about the need to obtain additional financing for the combined company, such as the capital raise, and the negotiation/marketing process. Include, without limitation, disclosure regarding who selects potential investors; what relationships investors have to the SPAC, the sponsors, the target, their respective affiliates, and/or any placement agent; and how the terms of additional financing are determined.

37. Please revise to indicate whether the sponsors and management and affiliates have a track record with SPACs and, if so, provide balanced disclosure about this record and the outcomes of the prior transactions.

The Comparable Companies Approach, page 186

38. We note references to information presented by Craig-Hallum and Roth. Please include the disclosure required by Item 1015(b) of Regulation M-A, or tell us why you are not required to do so.

Recommendation of the ROCG Board of Directors . . . , page 187

39. The negative factors considered by your board of directors appear general in nature, as they apply to a business combination with any target (with the exception of the third bullet point on page 189). Please revise to describe the specific factors that your board considered in relation to the proposed business combination with Tigo. In addition, revise to describe whether the board took the consideration to be paid for Tigo into account in recommending the business combination, including any changes in consideration in connection with the capital raise, and, if not, why not.

Certain Projected Information, page 190

40. We note that Tigo's Energy Intelligence solution is projected to account for approximately 28% of revenue in 2023, although it constituted a de minimis amount in the first nine months of 2022, despite being introduced in the North American market in the last quarter of 2021. Please revise your disclosure to describe why this assumption is reasonable, including the factors or contingencies that would affect such growth from ultimately materializing. Additionally revise to disclose that projected operating income represents a change from Tigo's historic trend of operating loss, and to specifically describe the material assumptions that make this change in trend appropriate.

Interest's of ROCG's Sponsors, Directors and Officers in the Business Combination, page 193

41. We note disclosure on page 248 that states, "Byron Roth, Gordon Roth and Aaron Gurewitz are affiliated with Roth, and John Lipman and Rick Hartfiel are affiliated with

Gordon Roth  
Roth CH Acquisition IV Co.  
January 27, 2023  
Page 9

Craig-Hallum, in addition to being officers or directors (or both, in the case of Byron Roth and John Lipman), as applicable, of Tigo,' and indicates such executives may benefit indirectly. Please revise your conflicts of interest disclosure to clarify the overlapping roles of management and more fully describe the nature of such indirect benefits, including description and quantification of 'such fees' and 'such amounts payable.' Include appropriate risk factor disclosure.

# Material U.S. Federal Income Tax Considerations, page 221

42. We note that the Agreement and Plan of Merger indicates the parties intend that the merger will qualify as a reorganization within the meaning of Section 368(a) of the Code. Please revise the disclosure in this section to address Section 368(a) and any material consequences to shareholders, including revising the caption to refer to 'Consequences' rather than 'Considerations.' Additionally file a tax opinion as an exhibit to the registration statement.

# Description of Capital Stock of the Combined Company, page 240

43. You disclose on page 243 that the Combined Company, the Sponsors and certain equityholders of Tigo will enter into a registration rights agreement at the closing of the business combination. Please disclose if you anticipate whether there will be any maximum cash penalties under the registration rights agreement or additional penalties that may result from delays in registering your common stock. Refer to ASC 825-20-50-1.

# Report of Independent Registered Public Accounting Firm, page F-37

44. Please make arrangements with Tigo's auditor to revise its report to indicate the city and state in which the report was issued, as required by Rule 2-02(a) of Regulation S-X.

Gordon Roth
Roth CH Acquisition IV Co.
January 27, 2023
Page 10

We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement.

You may contact Jeff Gordon at 202-551-3866 or Kevin Woody at 202-551-3629 if you have questions regarding comments on the financial statements and related matters. Please contact Alex King at 202-551-8631 or Jennifer Angelini at 202-551-3047 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Manufacturing