Vivopower International Plc - VVPR STOCK NEWS

VivoPower International PLC (Nasdaq: VVPR) has provided clarification regarding a proportional takeover offer from Energi Holdings . The proposal involves a partial buyout where shareholders would sell 8 out of every 10 shares they own at a future record date.

The offer price per share will be calculated by subtracting net debt from US$180 million (enterprise value), divided by the number of eligible ordinary shares at the time. The takeover offer remains subject to satisfactory completion of ongoing due diligence.

VivoPower International (Nasdaq: VVPR) has announced that its subsidiary, Tembo e-LV, has signed a Definitive Distribution Agreement with Saudi Arabian company Green Watt, valued at up to US$85 million. The agreement involves the sale and distribution of 1,600 Tembo electric utility vehicle (EUV) units across Saudi Arabia over the next five years.

Green Watt, established in 2016, specializes in renewable energy and environmental sustainability solutions. Their customer base includes major companies like Aramco, Halliburton, Saudi Electric Company, Honeywell, and Baker Hughes. The partnership aims to advance sustainable energy solutions in Saudi Arabia, targeting the significant market for electrifying ruggedized utility vehicles, particularly the Land Cruiser 70 series used in law enforcement, government agencies, and industrial sectors.

VivoPower International (Nasdaq: VVPR) has received an amended non-binding takeover proposal from Energi Holdings, an Abu Dhabi-based energy solutions company. The revised proposal aims to acquire 80% of VivoPower's unaffiliated free float shares, making Energi the largest shareholder.

The deal includes support for two significant spin-offs:

• Tembo SPAC merger with an equity value of $838 million, expected to close in Q2 2025
• Caret Digital spinoff with an implied market cap of $250 million, planned for direct listing on Nasdaq or NYSE American

Shareholders will receive 5 Caret Digital shares for each VivoPower share held. Caret Digital will focus on cryptocurrency mining, specifically Dogecoin (DOGE), with plans to convert mined DOGE into Bitcoin at a market discount. The transaction remains subject to due diligence and definitive agreement.

VivoPower International PLC (NASDAQ: VVPR) and Energi Holdings are advancing to the exclusive due diligence phase of a proposed US$180 million takeover. The all-cash offer, made by Energi in March, targets all non-affiliated free float shares at a premium to market price.

Energi Holdings, an Abu Dhabi-based energy solutions company founded in 2014 with US$1 billion in revenues, operates across the Middle East, Africa, South Asia, Europe, and Southeast Asia.

Additionally, VivoPower management has assessed the recently proposed US tariffs announced by President Trump and concluded they will not negatively impact the Tembo electric vehicle business. This is primarily because Tembo's strategy focuses on markets outside the United States for its electric vehicle solutions, including off-road, ruggedized on-road, and public utility vehicles, with no current US customers, partners, or suppliers.

VivoPower International (Nasdaq: VVPR) has announced progress on two significant transactions. The company has successfully negotiated an increased non-binding takeover offer from Energi Holdings , raising the enterprise valuation from US$120 million to US$180 million, subject to due diligence and exclusivity period. The parties aim to complete the due diligence process within an 8-week timeframe.

Simultaneously, VivoPower is advancing its Tembo business combination agreement with Cactus Acquisition 1 (CCTS), valued at a combined enterprise value of US$904 million, assuming no public trust redemptions. The company plans to file an F-4 registration statement with the SEC in April 2025 regarding this combination. Updates on potential Tembo dividend share entitlements for VivoPower shareholders will be announced later.

VivoPower International PLC (Nasdaq: VVPR) has granted an 8-week exclusivity period to Energi Holdings for due diligence, following an increased non-binding all-cash takeover proposal. The offer's enterprise value has been raised from US$120 million to US$180 million for all non-affiliated free float shares.

Energi, an Abu Dhabi-based energy solutions company founded in 2014, generates US$1 billion in revenues and operates across the Middle East, Africa, South Asia, Europe, and Southeast Asia. VivoPower's board has formed a subcommittee with a majority of independent directors to evaluate this unsolicited takeover proposal and will provide timely market updates.

VivoPower International PLC (Nasdaq: VVPR) has announced it is in advanced bilateral negotiations regarding an unsolicited takeover proposal from Energi Holdings , an Abu Dhabi-based energy solutions company. The proposed all-cash offer values VivoPower at an enterprise value of US$120 million and targets all non-affiliated free float shares.

Energi, established in 2014, generates US$1 billion in revenues and maintains offices across the Middle East, Africa, South Asia, Europe, and Southeast Asia. The negotiations between VivoPower's board and Energi are expected to conclude by April 2, 2025, with terms, conditions, and final pricing subject to due diligence.

VivoPower International PLC (Nasdaq: VVPR) has received an unsolicited non-binding takeover proposal from Energi Holdings , an Abu Dhabi-based energy solutions company. The proposal details an all-cash offer for all non-affiliated free float shares at an enterprise value of US$120 million, subject to due diligence.

Energi, established in 2014, generates US$1 Billion in revenues and operates across the Middle East, Africa, South Asia, Europe, and Southeast Asia. The takeover proposal is not hostile, and VivoPower's board is currently reviewing the offer with its advisors, with a market update pending.

Tembo E-LV, a subsidiary of VivoPower International PLC (Nasdaq: VVPR), is progressing towards closing its Business Combination Agreement with CCTS (Cactus Acquisition Corp. 1 ) by Q2 2025. The deal, originally announced in August 2024, values the combined enterprise at US$904 million, assuming no public trust redemptions.

The transaction's timeline was extended beyond the initial end of 2024 target due to new SPAC regulations, requiring a review of the transaction structure. The parties are now finalizing the Form F-4 registration statement for SEC filing. The closing remains subject to various conditions, including SEC review completion and CCTS shareholder approval.

The agreement follows due diligence and receipt of an independent fairness opinion. Post-combination, the newly formed Tembo Group plans to list its securities on Nasdaq.