VivoPower and Future Automotive Solutions and Technologies (FAST) Pro Forma US$1.13bn merged entity to be headquartered in the UK in an effort to qualify for $21bn government clean energy investment programmes

Group 1: Core Insights - The UK government has introduced significant incentives for the clean energy sector, particularly focusing on green hydrogen, with a combined budget of US$21 billion allocated to the Great British Energy unit and the National Wealth Fund [3][4]. - VivoPower has entered into a strategic agreement to merge with Future Automotive Solutions and Technologies (FAST), a Canadian hydrogen conversion technology company, with the merger being exclusive for 90 days but non-binding [1][5]. - The pro forma combined company is valued at an equity valuation of US$1.13 billion, with VivoPower shareholders holding 49% valued at US$556 million and FAST shareholders owning 51$578 million [6]. Group 2: Company and Industry Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, including electric solutions for customized fleet applications and ancillary services [6][7]. - FAST is a Canadian company that develops hydrogen technologies, including vehicles powered by hydrogen internal combustion engines and conversion platforms for gasoline and diesel vehicles [8]. - The UK government aims to decarbonize electricity generation to achieve net zero carbon emissions by 2030 and has reinstated a ban on the sale of diesel and petrol vehicles by 2030 [3].