Group 1 - VivoPower International PLC, a Nasdaq listed B Corporation, announced a one-month extension of its exclusive heads of agreement with Cactus Acquisition Corporation I to July 31, 2024 [1][7][13] - VivoPower focuses on providing sustainable energy solutions, particularly electric solutions for customized fleet applications, and aims to help customers achieve net-zero carbon status [2][9] - Tembo e-LV B.V., a subsidiary of VivoPower, specializes in 100% electric utility vehicles for ruggedized applications across various industries, including mining, agriculture, and defense [9][2] Group 2 - The extension of the exclusivity period is intended to allow additional time to finalize the definitive business combination agreement and obtain an independent fairness opinion [13] - VivoPower operates in multiple countries, including Australia, Canada, the Netherlands, the UK, the US, the Philippines, and the UAE, indicating a broad international presence [2] - The company aims to provide turnkey decarbonization solutions, enhancing the sustainability and efficiency of utility vehicle fleets globally [9][2]
VIVOPOWER'S TEMBO CONFIRMS HEADS OF AGREEMENT EXCLUSIVITY EXTENSION FOR US$838M MERGER WITH CCTS