VivoPower International Shares Soar on Merger Update

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

VivoPower International Shares Soar on Merger Update

, MT Newswires - 9:59 AM ET 3/21/2025 mergers-and-acquisitions

09:59 AM EDT, 03/21/2025 (MT Newswires) -- VivoPower International ( VVPR ) shares soared 76% in recent trading on Friday after the power infrastructure company's unit, Tembo E-LV, said it had completed a review of new rules governing special purpose acquisition company transactions, which is required to complete the business combination with Cactus Acquisition.

Tembo E-LV said the merger deal, which was announced in August, was originally scheduled to be completed by the end of last year, but was delayed due to the new rules.

Tembo E-LV said a registration statement will soon be filed on Form F-4 with the US Securities and Exchange Commission regarding the proposed merger, which it now expects to be completed by the end of Q2.

Price: 1.49, Change: +0.64, Percent Change: +75.73

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.