Core Points - VivoPower International PLC announced a one-month extension of its exclusive heads of agreement with Cactus Acquisition Corporation I to July 31, 2024, to finalize the definitive business combination agreement and independent fairness opinion [12][6]. Company Overview - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications, including off-road and on-road vehicles, as well as ancillary services like financing, charging, battery, and microgrids [10]. - Tembo e-LV B.V., a subsidiary of VivoPower, specializes in 100% electric utility vehicles designed for rugged and customized applications across various industries, including mining, agriculture, and defense [13]. Transaction Details - If a definitive business combination agreement is executed, a full description of the transaction will be included in a registration statement on Form F-4, which will be filed with the U.S. Securities and Exchange Commission [14]. - Shareholders of CCTS and other interested parties will be able to access important documents related to the proposed transaction on the SEC's website once available [8].
VIVOPOWER'S TEMBO CONFIRMS HEADS OF AGREEMENT EXCLUSIVITY EXTENSION FOR US$838M MERGER WITH CCTS