VivoPower Advances US$200 Million Tembo Transaction Following Completion of Second Phase of Due Diligence by Energi Holdings

Group 1 - Energi Holdings Limited proposes to acquire 51% of Tembo at a total enterprise value of US$200 million, with both parties agreeing to negotiate binding transaction documents for an early closing [1][3] - Energi, headquartered in Abu Dhabi, has annual revenues of US$1 billion and operates across multiple regions including the Middle East, Africa, South Asia, Europe, and Southeast Asia [2] - VivoPower's board is evaluating the optimal use of investment proceeds, which may include special dividends or capital returns to shareholders [4] Group 2 - VivoPower is undergoing a strategic transformation to focus on XRP digital assets, aiming to support decentralized finance infrastructure and real-world blockchain applications [5] - VivoPower operates globally with a presence in the UK, Australia, North America, Europe, the Middle East, and Southeast Asia, and has two business units: Tembo and Caret Digital [6]