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VivoPower to remain on Nasdaq, spin off Tembo and Caret Digital.
ByAinvest
Wednesday, Apr 9, 2025 10:21 am ET1min read
VivoPower International PLC (Nasdaq: VVPR) has announced that Energi Holdings Limited has amended its takeover proposal to acquire 80% of the unaffiliated free float shares of VivoPower. Energi would become the largest shareholder, and VivoPower would spin off two businesses: Tembo SPAC with an equity value of $838 million and Caret Digital with an implied market cap of $250 million. The deal is subject to due diligence.
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