Extension of Exclusivity Period - The exclusivity period for the Heads of Agreement between Tembo e-LV B V and Cactus Acquisition Corporation I has been extended to 31 August 2024 to allow Tembo to finalize a material transaction and update disclosures [1][2] About VivoPower - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions [3] - The company aims to provide turnkey decarbonisation solutions to help customers achieve net-zero carbon status [3] - VivoPower operates in multiple countries including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates [3] About Tembo - Tembo provides 100% electric utility vehicles (EUVs) for ruggedised and customised applications in industries such as mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari [4] - The company focuses on delivering safe, high-performance off-road and on-road electric utility vehicles that meet high standards of safety, reliability, and quality [4] - Tembo's core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally, helping them reduce costs, maximise return on assets, meet ESG goals, and activate the circular economy [4]
(UPDATED) VIVOPOWER'S TEMBO EXTENDS HEADS OF AGREEMENT EXCLUSIVITY FOR US$838M MERGER WITH CCTS