VivoPower Extends Merger Talks with CCTS

VivoPower International (VVPR) has released an update.

VivoPower International PLC has announced an extension of the exclusivity period for its electric vehicle subsidiary, Tembo, to finalize a merger agreement with Cactus Acquisition Corporation I, valued at US$838 million. The extension, now set until July 31, 2024, will allow additional time to complete the definitive business combination agreement and obtain an independent fairness opinion. VivoPower is a B Corporation that provides sustainable energy solutions and electric utility vehicles for various industries, aiming to help customers achieve net-zero carbon status.

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