VivoPower Advances $200M Tembo Transaction with Energi Holdings.

VivoPower International (VVPR) has completed the second phase of due diligence with Energi Holdings for the Tembo acquisition, with a total enterprise value of $200M. Energi, a global energy solutions company, will work towards negotiating a final transaction structure and binding documents. The parties have agreed to evaluate the optimal use of investment proceeds, which may include returning capital or paying a special dividend to shareholders. The completion of the Tembo merger with Cactus Acquisition Corp. is in the best interests of both parties.

VivoPower International (VVPR) has made significant progress in its acquisition of Tembo, with Energi Holdings completing the second phase of due diligence. The deal, valued at an enterprise worth of $200 million, aims to finalize a structure and binding agreements swiftly. Energi, a global energy solutions firm based in Abu Dhabi, operates across several regions including the Middle East and Europe with an annual revenue of $1 billion [2].

The companies are also planning a merger of Tembo with Cactus Acquisition Corp. 1 Ltd (CCTS), aiming to list Tembo publicly. VivoPower's board will consider how best to use the proceeds from the acquisition, which could involve returning capital to shareholders or issuing a special dividend [3].

The completion of the Tembo merger with Cactus Acquisition Corp. is in the best interests of both parties. VivoPower's board will concurrently evaluate the optimal use of investment proceeds, which may include the return of capital or the payment of a special dividend to shareholders [1].

VivoPower International (VVPR) is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise. The Company’s new direction centers on the acquisition, management, and long-term holding of 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 [1].

References:

[1] https://www.globenewswire.com/news-release/2025/06/03/3092777/0/en/VivoPower-Advances-US-200-Million-Tembo-Transaction-Following-Completion-of-Second-Phase-of-Due-Diligence-by-Energi-Holdings.html

[2] https://www.gurufocus.com/news/2904808/vivopower-vvpr-advances-tembo-acquisition-plans-with-energi-holdings-vvpr-stock-news

[3] https://www.stocktitan.net/news/VVPR/vivo-power-advances-us-200-million-tembo-transaction-following-zu0l0zezmzli.html