Corporation's Electric Vehicle Subsidiary Extends Heads of Agreement For $838M Merger
VivoPower's Tembo Extends Heads of Agreement Exclusivity for US$838M Merger with CCTS.
VivoPower International PLC (Nasdaq: VVPR), a certified B Corporation, has announced that its electric vehicle subsidiary, Tembo e-LV B.V. ("Tembo"), has extended its exclusive heads of agreement with Cactus Acquisition Corporation I (Nasdaq: CCTS, CCTSW, CCTSU, "CCTS") by an additional month. This extension moves the exclusivity period out to August 31, 2024, affording both parties more time to finalize the intricacies of a potentially transformative $838 million merger. $VivoPower (VVPR.US)$
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