Vivopower International Plc Stock Price, News & Analysis

VivoPower (NASDAQ: VVPR) has received a revised non-binding proposal from Energi Holdings to acquire a 51% controlling stake in its subsidiary, Tembo e-LV. The proposal values Tembo at a total enterprise value of US$200 million, an increase from the previous offer of US$180 million for 80% of VivoPower's non-affiliated shares.

Energi supports Tembo's planned business combination with Cactus Acquisition Corp 1 Limited (CCTS) at an equity valuation of US$838 million. If the deal proceeds, Energi would roll its 51% stake into the combined entity, while VivoPower would retain a significant shareholding. The company plans to use net proceeds primarily for debt retirement, with potential surplus funds being returned to shareholders.

The proposal remains subject to due diligence, definitive legal documentation, board approval, and shareholder approvals.

VivoPower International (NASDAQ: VVPR) has announced a significant private placement of US$121 million at US$6.05 per share, led by Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia. The company is set to become the first publicly listed company implementing an XRP-focused digital asset treasury strategy. The placement involves selling 20 million ordinary shares, with funds primarily allocated to accumulating XRP and establishing treasury operations. Adam Traidman, former Ripple board member, has joined as Chairman of the Board of Advisors. The deal's closing is subject to shareholder approval at a meeting expected around June 18, 2025. The company plans to use the funds for XRP acquisition, XRPL DeFi ecosystem investment, debt reduction, and working capital, while proceeding with the planned spin-offs of Tembo and Caret Digital subsidiaries by Q3 2025.

VivoPower International PLC (NASDAQ: VVPR) has successfully completed Phase I due diligence for a potential US$180 million non-binding proportional takeover by Energi Holdings Limited. Energi, an Abu Dhabi-based global energy solutions company with US$1 billion in annual revenues, has concluded the initial commercial, financial, and operational reviews on schedule.

The companies have agreed to proceed with an accelerated Phase II due diligence, focusing on regulatory, legal, and technical matters, scheduled to complete by June 2, 2025. Both parties continue working towards reaching a binding agreement. Energi's operations span across the Middle East, Africa, South Asia, Europe, and Southeast Asia.

VivoPower International PLC (NASDAQ: VVPR) has announced that its subsidiary, Tembo e-LV, has secured an order for EV conversion kits from The Safari Collection, a luxury safari company in Kenya. The Safari Collection, established in 2009 by Tanya and Mikey Carr-Hartley, owns prestigious properties including Giraffe Manor, Sasaab, Sala's Camp, and Solio Lodge.

This marks Tembo's second order from an African safari company, following Asilia Africa's order in February 2025. The Safari Collection chose Tembo's solutions after evaluating alternatives, citing superior technology and cost-effectiveness. The partnership aims to electrify their safari vehicle fleet, aligning with the company's commitment to sustainable environmental practices and conservation efforts in Kenya.

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.