VivoPower鈥檚 Tembo e-LV Subsidiary on Track for $200 Million Enterprise Value Investment from Energi Holdings via SPAC Transaction
VivoPower International (NASDAQ: VVPR) has announced a significant strategic agreement with Energi Holdings regarding its subsidiary Tembo e-LV. Under the agreement, Energi will acquire a 51% stake in Tembo through a PIPE investment, valuing the enterprise at $200 million.
The deal enables Tembo to proceed with its planned business combination with Cactus Acquisition Corp 1 Limited (CCTSF), a SPAC transaction that values Tembo at $838 million in equity value. VivoPower will maintain a significant shareholding post-merger. The company is preparing for Tembo's public listing by recruiting a dedicated board of directors.
VivoPower International (NASDAQ: VVPR) ha annunciato un importante accordo strategico con Energi Holdings relativo alla sua controllata Tembo e-LV. In base all'intesa, Energi acquisir脿 una quota del 51% di Tembo tramite un investimento PIPE, valutando l'azienda 200 milioni di dollari.
L'operazione consentir脿 a Tembo di procedere con la prevista fusione con Cactus Acquisition Corp 1 Limited (CCTSF), una SPAC che stima il valore azionario di Tembo in 838 milioni di dollari. VivoPower manterr脿 una partecipazione rilevante dopo la fusione e sta formando un consiglio di amministrazione dedicato in vista della quotazione pubblica di Tembo.
VivoPower International (NASDAQ: VVPR) ha anunciado un notable acuerdo estrat茅gico con Energi Holdings respecto a su filial Tembo e-LV. Seg煤n el acuerdo, Energi adquirir谩 una participaci贸n del 51% en Tembo mediante una inversi贸n PIPE, valorando la empresa en 200 millones de d贸lares.
El acuerdo permitir谩 a Tembo avanzar con su combinaci贸n de negocios planificada con Cactus Acquisition Corp 1 Limited (CCTSF), una operaci贸n SPAC que valora el capital de Tembo en 838 millones de d贸lares. VivoPower conservar谩 una participaci贸n significativa tras la fusi贸n y est谩 reclutando un consejo de administraci贸n dedicado para preparar la salida a bolsa de Tembo.
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鞚措矆 瓯半灅搿� Tembo電� Cactus Acquisition Corp 1 Limited (CCTSF)鞕� 鞓堨爼霅� 旮办梾瓴绊暕(SPAC 瓯半灅)鞚� 歆勴枆頃� 靾� 鞛堦矊 霅橂┌, 鞚� 瓯半灅電� Tembo鞚� 歆�攵� 臧�旃橂ゼ 8鞏�3,800毵� 雼煬搿� 韽夑皜頃╇媹雼�. VivoPower電� 頃╇硲 頉勳棎霃� 靸侂嫻頃� 歆�攵勳潉 氤挫湢頃� 鞓堨爼鞚措┌ Tembo鞚� 靸侅灔鞚� 鞙勴暣 鞝勲嫶 鞚挫偓須岆ゼ 甑劚頃橁碃 鞛堨姷雼堧嫟.
VivoPower International (NASDAQ: VVPR) a annonc茅 un accord strat茅gique important avec Energi Holdings concernant sa filiale Tembo e-LV. Conform茅ment 脿 l'accord, Energi acquerra une participation de 51 % dans Tembo via un investissement PIPE, valorisant l'entreprise 脿 200 millions de dollars.
Cette op茅ration permettra 脿 Tembo de poursuivre sa fusion pr茅vue avec Cactus Acquisition Corp 1 Limited (CCTSF), une transaction SPAC qui valorise Tembo 脿 838 millions de dollars en valeur d'茅quit茅. VivoPower conservera une participation significative apr猫s la fusion et pr茅pare la mise en bourse de Tembo en recrutant un conseil d'administration d茅di茅.
VivoPower International (NASDAQ: VVPR) hat eine bedeutende strategische Vereinbarung mit Energi Holdings in Bezug auf seine Tochtergesellschaft Tembo e-LV bekanntgegeben. Laut der Vereinbarung wird Energi durch eine PIPE-Investition eine 51%ige Beteiligung an Tembo 眉bernehmen und das Unternehmen mit 200 Millionen US-Dollar bewerten.
Der Deal erm枚glicht es Tembo, den geplanten Zusammenschluss mit Cactus Acquisition Corp 1 Limited (CCTSF)鈥攅iner SPAC-Transaktion鈥攙oranzutreiben, die Tembo mit einem Eigenkapitalwert von 838 Millionen US-Dollar bewertet. VivoPower wird auch nach dem Zusammenschluss eine bedeutende Beteiligung halten und stellt ein eigenes Board of Directors f眉r die B枚rsennotierung von Tembo zusammen.
- None.
- VivoPower will lose majority control of Tembo subsidiary
- Transaction subject to customary closing conditions and successful SPAC merger
- Final purchase price subject to net debt and other adjustments
Insights
VivoPower's Tembo subsidiary advances toward SPAC merger at $838M valuation with Energi acquiring 51% stake at $200M enterprise value.
The announcement from VivoPower International represents a significant development in the company's strategic trajectory. Energi Holdings will acquire a 51% stake in Tembo e-LV B.V. at an enterprise valuation of
The deal's complexity is noteworthy - it involves both a direct investment from Energi and a simultaneous SPAC merger with Cactus Acquisition Corp at an equity valuation of
The pending F-4 registration statement with the SEC represents a critical milestone that will provide detailed financial disclosures and transaction terms. The establishment of a dedicated board for Tembo indicates preparation for independent governance post-transaction, which is essential for public company readiness.
For VivoPower shareholders, this transaction potentially unlocks significant value from Tembo while maintaining participation in its future growth through a retained minority stake. The deal structure appears designed to maximize VivoPower's strategic flexibility while addressing potential capital needs at Tembo through both the Energi investment and SPAC proceeds.
Energi to acquire
Energi is supportive of Tembo鈥檚 business combination with Cactus Acquisition Corp 1 Limited (鈥淪PAC鈥�) at an equity valuation of
Tembo can now resume finalizing and filing the F-4 SPAC Registration Statement
LONDON, Aug. 18, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (鈥淰ivoPower鈥� or the 鈥淐ompany鈥�) today announced it has reached agreement with Energi Holdings Limited (鈥淓nergi鈥�) whereby Energi will proceed to secure a
The proposed investment by Energi is based on a total enterprise valuation for
The Board of VivoPower, the parent company of Tembo, has also commenced recruitment of a dedicated board of directors for Tembo, in preparation for its listing as a public company.
About VivoPower International PLC
VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world鈥檚 first XRP-focused digital asset enterprise. The Company鈥檚 new direction centers on the acquisition, management, and long-term holding of Ripple Lab shares and XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.
About Tembo e-LV B.V.
Tembo e-LV B.V. ("Tembo") is a subsidiary of VivoPower. Tembo is a specialist battery-electric and off-road vehicle company that designs and delivers ruggedized light electric vehicle solutions for fleet owners across various industrial sectors, including mining, agriculture, energy utilities, defense, police, government, and humanitarian aid. Tembo鈥檚 core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company鈥檚 evaluation of the revised proposal from Energi, the potential terms and consummation of such a transaction, the Company's strategic initiatives, including the Tembo SPAC merger and the transformation into an XRP-focused digital asset treasury, the potential use of proceeds from strategic transactions, and the potential return of surplus funds to shareholders. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company鈥檚 2024 Annual Report on Form 20-F filed with the Securities and Exchange Commission (the 鈥淪EC鈥�) and its subsequent SEC filings, as amended or supplemented from time to time. Copies of these documents are available on the SEC鈥檚 website, . The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
There can be no assurance as to when or if the investment from Energi and the business combination with CCTS will be completed. VivoPower does not intend to make any further announcements regarding this proposal unless and until it determines that further disclosure is appropriate or required.
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FAQ
What is the enterprise value of VivoPower's Tembo subsidiary in the Energi Holdings deal?
What is the equity valuation of Tembo in the SPAC merger with Cactus Acquisition?
How much of Tembo will Energi Holdings acquire from VivoPower (VVPR)?
What are the next steps for the Tembo SPAC merger?
What conditions must be met for the Energi-Tembo deal to close?
