VivoPower Provides Update on Non-Binding Takeover Offer at Enterprise Value of US$180 Million and Tembo Business Combination Agreement at Combined Enterprise Value of US$904 Million
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 (Nasdaq: VVPR) ha annunciato progressi su due transazioni significative. L'azienda ha negoziato con successo un'offerta di acquisizione non vincolante aumentata da Energi Holdings, portando la valutazione aziendale da 120 milioni di dollari a 180 milioni di dollari, soggetta a due diligence e periodo di esclusività. Le parti mirano a completare il processo di due diligence entro un periodo di 8 settimane.
Allo stesso tempo, VivoPower sta portando avanti il suo accordo di combinazione aziendale Tembo con Cactus Acquisition 1 (CCTS), valutato a un valore aziendale combinato di 904 milioni di dollari, assumendo che non ci siano riscatti di fiducia pubblica. L'azienda prevede di presentare una dichiarazione di registrazione F-4 presso la SEC nell'aprile 2025 riguardo a questa combinazione. Aggiornamenti sui potenziali diritti ai dividendi delle azioni Tembo per gli azionisti di VivoPower saranno annunciati in seguito.
VivoPower International (Nasdaq: VVPR) ha anunciado avances en dos transacciones significativas. La empresa ha negociado con éxito una oferta de adquisición no vinculante aumentada de Energi Holdings, elevando la valoración empresarial de 120 millones de dólares a 180 millones de dólares, sujeta a la debida diligencia y un período de exclusividad. Las partes tienen como objetivo completar el proceso de debida diligencia en un plazo de 8 semanas.
Al mismo tiempo, VivoPower está avanzando en su acuerdo de combinación empresarial Tembo con Cactus Acquisition 1 (CCTS), valorado en un valor empresarial combinado de 904 millones de dólares, asumiendo que no haya redenciones de fideicomisos públicos. La empresa planea presentar una declaración de registro F-4 ante la SEC en abril de 2025 con respecto a esta combinación. Se anunciarán actualizaciones sobre los posibles derechos a dividendos de acciones Tembo para los accionistas de VivoPower más adelante.
비보파워 인터내셔널 (Nasdaq: VVPR)는 두 가지 중요한 거래에서 진전을 발표했습니다. 이 회사는 에너지 홀딩스로부터 비구속 인수 제안의 증가를 성공적으로 협상하여 기업 가치를 1억 2천만 달러에서 1억 8천만 달러로 높였습니다. 이는 실사 및 독점 기간에 따라 달라집니다. 양측은 8주 내에 실사 과정을 완료할 계획입니다.
동시에 비보파워는 Cactus Acquisition 1 (CCTS)과의 템보 사업 결합 계약을 진행하고 있으며, 이는 공공 신뢰 환매가 없을 경우 9억 4천만 달러의 기업 가치를 가집니다. 이 회사는 2025년 4월에 이 결합에 대한 F-4 등록 성명을 SEC에 제출할 계획입니다. 비보파워 주주를 위한 템보 배당주 자격에 대한 업데이트는 나중에 발표될 것입니다.
VivoPower International (Nasdaq: VVPR) a annoncé des progrès sur deux transactions significatives. L'entreprise a réussi à négocier une offre d'acquisition non contraignante augmentée de Energi Holdings, portant la valorisation de l'entreprise de 120 millions USD à 180 millions USD, sous réserve de la due diligence et d'une période d'exclusivité. Les parties visent à compléter le processus de due diligence dans un délai de 8 semaines.
En parallèle, VivoPower avance dans son accord de combinaison commerciale Tembo avec Cactus Acquisition 1 (CCTS), évalué à une valeur d'entreprise combinée de 904 millions USD, en supposant qu'il n'y ait pas de rachats de fiducies publiques. L'entreprise prévoit de déposer une déclaration d'enregistrement F-4 auprès de la SEC en avril 2025 concernant cette combinaison. Des mises à jour sur les droits potentiels aux dividendes des actions Tembo pour les actionnaires de VivoPower seront annoncées ultérieurement.
VivoPower International (Nasdaq: VVPR) hat Fortschritte bei zwei bedeutenden Transaktionen angekündigt. Das Unternehmen hat erfolgreich ein erhöhtes unverbindliches Übernahmeangebot von Energi Holdings ausgehandelt, wodurch die Unternehmensbewertung von 120 Millionen USD auf 180 Millionen USD angehoben wurde, vorbehaltlich der Due Diligence und einer Exklusivitätsperiode. Die Parteien beabsichtigen, den Due-Diligence-Prozess innerhalb eines Zeitrahmens von 8 Wochen abzuschließen.
Gleichzeitig arbeitet VivoPower an seiner Tembo-Geschäftskombinationsvereinbarung mit Cactus Acquisition 1 (CCTS), die einen kombinierten Unternehmenswert von 904 Millionen USD hat, vorausgesetzt, es gibt keine Rücknahmen aus öffentlichen Treuhänden. Das Unternehmen plant, im April 2025 eine F-4-Registrierungsmitteilung bei der SEC in Bezug auf diese Kombination einzureichen. Updates zu potenziellen Tembo-Dividendenansprüchen für die Aktionäre von VivoPower werden später bekannt gegeben.
- 50% increase in takeover offer value from US$120M to US$180M
- Significant enterprise value of US$904M for Tembo business combination
- Due diligence process proceeding with clear 8-week timeline
- F-4 registration filing planned within specific timeframe (April 2025)
- Takeover offer remains non-binding and subject to due diligence
- Tembo combination value assumes no public trust redemptions, which could reduce final valuation
- Uncertainty around Tembo dividend share entitlement for shareholders
LONDON, April 02, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") hereby provides an update on the non-binding takeover offer from Energi Holdings Limited (“Energi”) to acquire the non-affiliated shareholders of VivoPower at an enterprise valuation of US
As announced on 26 March 2025, VivoPower’s board was targeting the completion of negotiations on price, terms and conditions with Energi by 2 April 2025. This has been achieved with an increase in the original takeover enterprise value of US
VivoPower will also continue to work towards filing an F-4 registration statement with the U.S. Securities and Exchange Commission (SEC) in relation to the Tembo business combination agreement and is intending to file within the month of April 2025. An update on any Tembo dividend share entitlement for VivoPower shareholders will be provided in due course.
The board of VivoPower will continue to provide updates to the market on a timely basis.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonization solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
Forward-Looking Statements
This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.
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FAQ
What is the new takeover offer value for VivoPower (VVPR) from Energi Holdings?
What is the enterprise value of VivoPower's Tembo business combination with CCTS?
When will VivoPower (VVPR) file the F-4 registration statement for the Tembo merger?
How long is the due diligence period for Energi's takeover offer of VVPR?
