Tigi Ltd. (TASE:TIGI) signed memorandum of understanding to acquire 90% stake in Solid Solar Energy Systems Gmbh from current shareholders for ?1 on December 10, 2023. Tigi Ltd. (TASE:TIGI) signed an agreement to acquire 90% stake in Solid Solar Energy Systems Gmbh from current shareholders on December 20, 2023. The company intends to transfer to Solid in the coming days a total of ?0.15 million for financing Solid's activities in the coming month under the trustee appointed to Solid.

At each stage until the reorganization is approved in court, The company has the option to withdraw from its aforementioned offer and stop financing Solid's activities.