VivoPower announces binding heads of agreement to merge Tembo into NASDAQ listed CCTS at an indicative US$838m Equity Value [Yahoo! Finance]
VivoPower International PLC - Ordinary Shares (VVPR)
US:NASDAQ Investor Relations:
vivopower.com/shareholders
Company Research
Source: Yahoo! Finance
Tembo will be the surviving entity and upon closing, will change its name to Tembo Group. CCTS has $25m of cash on its balance sheet, as of its last quarterly filing. VivoPower shareholders on the final record date will receive 5 Tembo Group shares for each 1 VivoPower share held. Final Business Combination Agreement, an independent fairness opinion to be finalised by early May 2024 with the merger targeted for completion by August 2024 LONDON, April 02, 2024 (GLOBE NEWSWIRE) -- Tembo, a global leader in utility vehicle electrification (“Tembo”), and a subsidiary of VivoPower International PLC (NASDAQ: VVPR, “VivoPower”), today announced it has entered into a binding heads of agreement (“Agreement”) whereby it will exclusively negotiate to consummate a business combination agreement to merge with Cactus Acquisition Corp. 1 Limited (NASDAQ: CCTS, CCTSW, CCTSU, “CCTS”), a special purpose acquisition company (“SPAC”). Upon closing of a business combination, the combined company
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News
- VIVOPOWER ANNOUNCES SALE OF AUSTRALIAN CRITICAL POWER BUSINESS UNIT [Yahoo! Finance]Yahoo! Finance
- VIVOPOWER EXECUTIVE CHAIRMAN AND CEO FILES FORM F4 TO INCREASE HIS SHAREHOLDING TO 12.3% [Yahoo! Finance]Yahoo! Finance
- VIVOPOWER ANNOUNCES FURTHER STRATEGIC DIRECT INVESTMENT IN TEMBO FROM EMIRATI INVESTMENT OFFICEGlobeNewswire
- CNN values your feedback [CNN]CNN
- VivoPower declares Capital Management Strategy including Stock Buyback Program of up to US$5 million [Yahoo! Finance]Yahoo! Finance
VVPR
Sec Filings
- 4/29/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/18/24 - Form 144
- VVPR's page on the SEC website